Is Chewy Stock Still a Buy After a 96% Jump in Six Months?
Chewy(CHWY) ZACKS·2024-11-13 21:01
Chewy Inc. (CHWY) has experienced an extraordinary six months, with its stock surging 95.5%. Once viewed as a niche player, Chewy has now firmed its position as a dominant force in the pet-focused e-commerce space, benefiting from the growing demand for convenient, subscription-based pet products. While investors celebrate the company’s success, a pressing question remains: Does Chewy have more room to run, or is a correction on the horizon?The stock has comfortably outpaced the industry’s modest rise of 14 ...