#1 - Chewy (NYSE:CHWY)
Chewy Inc. (NYSE: CHWY) is an online pet food and supplies retailer. The company has a loyal following of consumers who receive their product as part of a monthly auto-ship subscription program. Chewy is also making inroads into the pet wellness sector, which allows pet owners to order some common medicines.
Chewy stock is down 33% in the first quarter of 2024 and 13% in the last six months, reflecting two consecutive quarters of negative earnings per share. However, ongoing margin expansion, lower debt, and higher free cash flow are all encouraging signs that Chewy is well-positioned for growth when the economy improves.
As of March 28, 2024, CHWY stock has a price-to-earnings (P/E) ratio of 195.77, which screams overvalued. However, analysts are bullish on the stock. Even after cutting their price targets, the Chewy analyst ratings on MarketBeat give the stock a consensus price target of $27.64, which gives the stock a 76% upside.
About Chewy
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.
Read More - Current Price
- $15.44
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $26.83 (73.8% Upside)
