Why Chewy Stock Spiked Today

Shares of leading pet e-commerce behemoth Chewy (NYSE: CHWY) were up 5% as of 12:45 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.Following five separate price target increases from analysts in December, Chewy received its first upgrade of the new year from Wolfe Research, which named the stock one of its top picks for 2025.Despite Chewy's stock already doubling from its 2024 lows, Wolfe Research (and I) believe the best is yet to come. The firm cited the pet retailer's Chewy Health business, a growing array of private-label products, burgeoning ad revenue, and higher margins as reasons for optimism.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool