Could Chewy Stock Crush Records with a 54% Upside?
Online pet supply company Chewy (NYSE: CHWY) received a major boost today when a Jefferies analyst turned strongly bullish, giving the stock a $100 price target. Not only does the new price target represent an approximate 54% upside over the share price at the start of trading today, but it's also a 33.6% lift above the stock's highest-ever price to date, set on Sept. 2 this year, of $74.84.
Chewy's share price fell again in September after setting the record. This happened because of several factors, including a good but not stunningly successful quarterly report, and the company's sale of an extra share offering. More recently, however, the stock has resumed its upward trajectory.
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Source Fool.com
