Where Will Chewy Stock Be in 5 Years?
(NYSE: CHWY) has taken investors on a wild ride over the past five years. The online pet products retailer was spun out from PetSmart in 2019, and it soared from its initial public offering (IPO) price of $22 to a record high of $118.69 on Feb. 12, 2021.
But today, Chewy's stock trades at about $17. A $10,000 investment in its IPO would have grown to nearly $54,000 before shrinking back to $7,700. The stock lost its luster as growth cooled off and rising interest rates compressed its valuation.
Let's assess Chewy's near-term challenges to see if it can bounce back over the next five years.
Source Fool.com
Chewy Inc Stock
The stock is one of the favorites of our community with 35 Buy predictions and 4 Sell predictions.
With a target price of 29 € there is a slightly positive potential of 4.05% for Chewy Inc compared to the current price of 27.87 €.