Chewy Inc Stock News

The online pet retailer has domestic operations but imports a meaningful percentage of its discretionary products.

US stocks remain hard-pressed for meaningful recovery after President Trump slapped Chinese imports with an even higher 104% tariffs.   The benchmark index, at one point, was seen trading as much as 20% below its year-to-date high this month.

Spring Cleaning Made Easy: Keep Your Home Clean and an Eye on Your Pets with Eufy's Latest Pet Solutions at Chewy Spring Cleaning Made Easy: Keep Your Home Clean and an Eye on Your Pets with Eufy's Latest Pet Solutions at Chewy

Stock recommendations all come with caveats at this point. The market can't get real relief with so much ongoing uncertainty.

It's difficult to see upside for stocks when pessimism is pervasive, but as investors were reminded in 2022, buying shares of growing companies amid fear on Wall Street can earn you monster returns later on. Worries over tariffs are gripping Wall Street right now, but there are stocks ready to soar based on their business opportunities.

People are increasingly treating their pets like family members, and Chewy (CHWY -6.53%) has taken advantage of this trend to become the leading seller of pet food and accessories.

On March 27, analysts at RBC Capital Markets reiterated their buy rating for Chewy (CHWY -1.10%) stock with a $42 price target that suggests more than 25% upside from where the stock trades as of this writing. They weren't alone in their optimism.

If you were looking for a reason to not buy shares of pet e-commerce company Chewy (CHWY 3.17%), then its lack of customer growth in recent years was a pretty good one. It overshadowed many otherwise good things happening at the company.