CHWY - Chewy Analyst Says Stock A 'Tail-Wagging Opportunity' | Benzinga
Shares of Chewy Inc (NYSE: CHWY) have climbed on news of insiders buying its stock.
Chewy is a pure-play pet ecommerce company with several growth and margin levers at its disposal, according to Jefferies.
The Chewy Analyst: Kaumil Gajrawala initiated coverage of Chewy with a Buy rating and a price target of $27.
The Chewy Thesis: Pet health, advertisements, and automation are the near-term growth drivers for the company, Gajrawala said in the initiation note.
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