Can Chewy Stock Be a Long-Term E-Commerce Winner?
Chewy (NYSE: CHWY) is a pure-play e-commerce business focused on serving pet owners. The stock went public in 2019, and since then, shares have outperformed, rising from an initial offering price of $22 per share to about $84 as of this writing. The business is seeing rapid adoption from pet owners -- a trend that has accelerated during the pandemic -- thanks to its focused offering and expansion into new product lines.
Let's see if Chewy has what it takes to be the next great e-commerce stock.
Image source: Getty Images.
Source Fool.com
