Chewy Stock Jumps: Is the Pet Retailer a Buy?

Chewy's stock jumped 3% after Evercore ISI reaffirmed its Outperform rating, citing a stabilizing pet industry and Chewy's strong online presence via its Autoship program. The firm sees further profit potential in pet health, private labels, and advertising. Despite the surge, Chewy's stock is known for volatility and remains below its 2020 peak, highlighting the importance of monitoring this growth stock closely. Hosted on Acast. See acast.com/privacy for more information.