Prediction: Chewy Stock Will Rebound Over the Next Year. Here's Why.
Investors have ignored this online retailer for too long.
Overview
Chewy (NYSE: CHWY) was a stock market darling during the pandemic. The online pet supply retailer boomed as locked-down consumers sought safe ways to shop for their pets.
As the necessity for social distancing waned, investors turned on the retail stock. However, Chewy's revenue never stopped growing even as customers returned to in-person shopping. The stock fell to a multiyear low in June 2026. However, the rebound that began late last month is likely to continue.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.