Chewy Stock: Buy The Drop

Nov. 24, 2021 4:38 AM ETChewy, Inc. (CHWY) StockCHWY27 Comments
The Asian Investor
29.11K Followers

Summary

  • Chewy is growing rapidly because people spend big money on their fur friends.
  • Chewy's sales are expected to grow 17% annually over the next four years.
  • Autoship revenues now account for more than 70% of net sales.
  • Chewy's losses have narrowed, and the valuation is attractive.
Young man is playing with a dog and do selfie

Nazar Rybak/E+ via Getty Images

Chewy (NYSE:CHWY) is on sale. The online seller of pet products is looking at strong commercial growth, momentum in customer sign-ups and narrowing losses. Shares of Chewy are underpriced given the firm's potential for growth. The correction makes Chewy a buy!

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of CHWY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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