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
€16.66
6.180%
With 51 Buy predictions and not a single Sell prediction Chewy Inc is an absolute favorite of our community.
Based on the current price of 16.66 € the target price of 36 € shows a potential of 116.09% for Chewy Inc which would more than double the current price.
