#4 - Chewy (NYSE:CHWY)
Specialty e-commerce retailers present good opportunities among e-commerce stocks. And that’s the focus of our next two stocks. The first is Chewy (NYSE: CHWY). Pet care continues to be a growing industry. And Chewy is the place for consumers to get products from thousands of brands.
However, what analysts really love is the company’s subscription service that generates recurring orders for the essential items that pets need. That sticky revenue increased during the pandemic as many consumers began to try the company’s service for the first time.
CHWY stock is down 19.7% in 2021. However, it’s up nearly 10% since the selloff bottomed out in May. Many investors seemed to be concerned that Chewy might see declining revenue once the economy reopened. So far that doesn’t seem to be the case, and analysts give the stock a $99 price target which would be a 37% increase from the current stock price.
However, as I write this, the company is yet to report earnings. That will take place in December. Investors may want to wait to see what the company has to say about its ability to navigate the supply chain
About Chewy
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.
Read More - Current Price
- $35.74
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $31.25 (12.6% Downside)
