Is Chewy Stock Going to $100?
Chewy (NYSE: CHWY) stock was a pandemic darling. The online pet supply retailer became popular with shoppers as consumers had to cope with lockdowns. That momentum took its stock to an intraday high of $120 per share five years ago.
However, investors sold the stock off as pandemic restrictions eased and many consumers returned to their old shopping habits. Still, the growth never completely stopped, and Chewy has expanded into new business lines, helping it increase its profitability.
Are such improvements enough to get the retail stock back to $100 per share? Let's take a closer look.
Source Fool.com
Chewy Inc Stock
€22.65
-4.070%
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 hugely positive potential of 72.19% for Chewy Inc compared to the current price of 22.65 €.
