CHWY - Wall Street Is Bullish on These 3 Top Stocks: Are They a Buy?
2023-09-30 07:20:00 ET
The markets have given investors a wild ride over the last three years, and that has resulted in several promising companies selling at deeply discounted prices. Investors who sift through the wreckage carefully are likely to find some gems that will earn them big returns in the years to come.
Top consumer discretionary companies are a great sector to look for bargains at the moment. High inflation and lower consumer spending have pressured these companies' revenue growth and scared away many short-term traders. But Wall Street analysts are high on the long-term prospects of Chewy (NYSE: CHWY) , Sonos (NASDAQ: SONO) , and Lovesac (NASDAQ: LOVE) . These three consumer discretionary stocks trade well off their recent highs, and analysts are forecasting near-term price targets well above their current share prices.
Still, Wall Street analysts aren't always right, so let's find out more about these three companies to see which ones are worth buying.
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Wall Street Is Bullish on These 3 Top Stocks: Are They a Buy?