Goldman Sachs Sees Petco (WOOF) Poised for 2026 Growth Driven by Unique Strength in High-Margin Veterinary Services

Petco Health & Wellness Company Inc. (NASDAQ:WOOF) is one of the cheap penny stocks to invest in. On December 2, Goldman Sachs lowered the firm’s price target on Petco to $4.53 from $5.14 with a Buy rating on the shares. The firm noted that Petco exceeded Q3 2025 expectations and is positioned to grow its top line in 2026. Goldman Sachs’ strategy centers on its services business, which acts as a unique differentiator. Earlier on November 26, Morgan Stanley lowered the firm’s price target on Petco to $3.7 ...