Chewy ( (CHWY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Chewy’s stock movement has been influenced by positive analyst upgrades. Mizuho has upgraded Chewy to ‘Outperform,’ highlighting its growth potential driven by automation, retail media, and favorable market trends. They foresee a recovery in the pet category by 2025, which should boost Chewy’s customer growth and sales. Internal improvements and operational efficiencies have also contributed to this optimistic outlook, making Chewy a top choice for consumer internet investments. Wolfe Research has echoed similar sentiments, further boosting confidence in Chewy’s future performance.
More about Chewy
YTD Price Performance: 6.17%
Average Trading Volume: 5,737,721
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.7B
For further insights into CHWY stock on TipRanks’ Stock Analysis page.
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