Why Chewy Stock Spiked Today
Shares of leading pet e-commerce behemoth Chewy (NYSE: CHWY) were up 5% as of 12:45 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
Following five separate price target increases from analysts in December, Chewy received its first upgrade of the new year from Wolfe Research, which named the stock one of its top picks for 2025.
Despite Chewy's stock already doubling from its 2024 lows, Wolfe Research (and I) believe the best is yet to come. The firm cited the pet retailer's Chewy Health business, a growing array of private-label products, burgeoning ad revenue, and higher margins as reasons for optimism.
Source Fool.com
Chewy Inc Stock
€28.60
1.800%
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
With a target price of 39 € there is a positive potential of 36.39% for Chewy Inc compared to the current price of 28.6 €.
