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Needham Thinks Petco Health and Wellness Company’s Stock is Going to Recover

Needham analyst Anna Andreeva maintained a Buy rating on Petco Health and Wellness Company (WOOFResearch Report) today and set a price target of $30.00. The company’s shares closed last Friday at $17.86, close to its 52-week low of $17.00.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 2.7% and a 44.5% success rate. Andreeva covers the Consumer Goods sector, focusing on stocks such as Overstock, Poshmark, and RealReal.

Petco Health and Wellness Company has an analyst consensus of Strong Buy, with a price target consensus of $27.17, implying a 54.7% upside from current levels. In a report issued on January 18, Citigroup also maintained a Buy rating on the stock with a $25.00 price target.

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The company has a one-year high of $28.73 and a one-year low of $17.00. Currently, Petco Health and Wellness Company has an average volume of 2M.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WOOF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Petco Health and Wellness Co Inc offer pet care products such as puppy food, treats, nutrition, and supplies through retail outlets and online platforms. The company generates revenue from the sale of products and services such as dog and cat food, supplies, and companion animals, among others.

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