Chewy ( (CHWY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Chewy’s stock movement has been influenced by positive analyst upgrades. Mizuho has upgraded Chewy to ‘Outperform,’ highlighting its growth potential driven by automation, retail media, and favorable market trends. They foresee a recovery in the pet category by 2025, which should boost Chewy’s customer growth and sales. Internal improvements and operational efficiencies have also contributed to this optimistic outlook, making Chewy a top choice for consumer internet investments. Wolfe Research has echoed similar sentiments, further boosting confidence in Chewy’s future performance.
More about Chewy
YTD Price Performance: 6.17%
Average Trading Volume: 5,737,721
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.7B
For further insights into CHWY stock on TipRanks’ Stock Analysis page.
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