CHEWY, INC.

CHWY
Real-time Estimate Quote. Real-time Estimate  - 01/27 08:29:12 am
100.91USD -1.35%

Chewy, Inc. : The technical configuration is positive

Jordan Dufee
Senior Analyst

Strategy published on : 01/14/2021 | 03:01

long trade
Live

Entry price : 112.5$
Target : 150$
Stop-loss : 88$
Potential : 33.33%

Chewy, Inc. shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Investors have an opportunity to buy the stock and target the $ 150.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The tendency within the weekly time frame is positive above the technical support level at 53 USD


Weaknesses

● Low profitability weakens the company.

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● With an enterprise value anticipated at 6.5 times the sales for the current fiscal year, the company turns out to be overvalued.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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