The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Chewy (CHWY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Retail stocks like Boot Barn (BOOT), JD.com (JD), Chewy (CHWY) and Abercrombie & Fitch (ANF) will benefit from the Fed's rate cut.
Chewy's stock has been on a rollercoaster ride this year. The company has the type of strong recurring business model that investors typically highly value.
Chewy reported better than expected Q2 earnings at the end of August, driving shares higher in FY 2024. The company's growth strategy, which includes veterinary clinics, led to a 65% Y/Y increase in adjusted EBITDA and a 6% rise in per-customer spend on the platform. Chewy's valuation remains attractive, trading at a 55% discount to its 3-year average P/E ratio.
Chewy Inc.'s stock is on pace to extend its winning streak to seven days less than two weeks after influential trader Keith Gill, also known as Roaring Kitty, made a cryptic post on X featuring the image of a dog.
Does Chewy (CHWY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Chewy has a lot of opportunity to grow sales in a $147 billion pet market. Starbucks stock is solid ahead of the new CEO's plan to unlock growth.
Several Wall Street analysts issued bullish notes on Chewy this week. The endorsements come after the company impressed in its earnings report.
Chewy has firmed its position in online pet retail, leveraging its Autoship program and expanding veterinary services to drive growth and long-term stability.
From a technical perspective, Chewy (CHWY) is looking like an interesting pick, as it just reached a key level of support. CHWY recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
One analyst tracking the pet supplies specialist feels it's quite undervalued as a stock. She reiterated her bullish view on its prospects.