Why It's Time to Start Gnawing on Chewy Stock
Chewy (NYSE: CHWY) stock fell following its Aug. 30 report for the second quarter. Even though it posted solid financials, worries about a cost-conscious consumer weighed on the stock.
However, the numbers also show pet owners often spend generously on their animals if possible. With Chewy's ability to deliver value and personal service, investors might want to treat the pullback as an opportunity.
If the economy is heading toward a recession, you wouldn't know it from Chewy's financials. The $2.8 billion in second-quarter sales rose 14% from year-ago levels.
Source Fool.com
Chewy Inc Stock
€14.78
0.320%
The stock is one of the favorites of our community with 31 Buy predictions and 3 Sell predictions.
With a target price of 28 € there is a hugely positive potential of 89.5% for Chewy Inc compared to the current price of 14.78 €.
