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Chewy Stock Is About as Cheap as It's Ever Been. 1 Thing to Know Before You Buy.
On March 27, analysts at RBC Capital Markets reiterated their buy rating for Chewy (NYSE: CHWY) stock with a $42 price target that suggests more than 25% upside from where the stock trades as of this writing. They weren't alone in their optimism. Several other analysts were impressed by Chewy's full-year fiscal 2024 results, which showed strong revenue and profit growth. So, why are shares trading at such a historically discounted valuation? The answer to this question lies in the charts below.Continue reading
On March 27, analysts at RBC Capital Markets reiterated their buy rating for Chewy (NYSE: CHWY) stock with a $42 price target that suggests more than 25% upside from where the stock trades as of this writing. They weren't alone in their optimism. Several other analysts were impressed by Chewy's full-year fiscal 2024 results, which showed strong revenue and profit growth.
So, why are shares trading at such a historically discounted valuation? The answer to this question lies in the charts below.
