Is Chewy Inc.’s (CHWY) AI Upside Enough to Justify Further Gains?

Chewy, Inc. (NYSE:CHWY) is among the stocks under $50 to buy now. On January 13, Morgan Stanley increased the price target on Chewy, Inc. (NYSE:CHWY) to $51 from $48 and maintained an ‘Overweight’ rating. The firm believes that, for the internet space, this year will be “thematically similar” to the previous year, as the market will favour companies that report significantly positive Return on Invested Capital (ROIC) from GenAI or GPU-enabled technologies. On the other hand, on January 6, Wolfe Research ...