Chewy Stock Has Been in the Doghouse. Is It a Buy for 2025?
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Chewy's stock has rebounded in 2023 after a significant drop since 2021. Despite macroeconomic challenges affecting sales, there are signs of recovery in pet spending.
December 09, 2024 | 10:15 am
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Chewy's stock has seen a rebound in 2023 after a significant decline from its 2021 peak. While sales are still impacted by macroeconomic factors, there are positive signs in pet spending.
Chewy's stock has shown a positive trend in 2023, indicating investor confidence despite previous declines. The potential recovery in pet spending suggests a positive outlook, which could drive stock prices up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100