Chewy Recommended by Oppenheimer on the Dips

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Chewy ($NYSE:CHWY) is an online retailer of pet food and supplies, and has been one of the fastest-growing companies in recent years. Oppenheimer analysts believe that the recent pullback in Chewy’s stock price represents an attractive entry point for longer-term investors. Chewy has been one of the biggest beneficiaries of the shift to online shopping, as pet owners are increasingly buying their supplies online. Chewy has a wide selection of products and offers competitive prices, which has helped it to gain market share.

The recent pullback in Chewy’s stock price provides an attractive entry point for investors with a longer-term time horizon. Chewy is a well-positioned company with a strong market position and a bright future.

Market Price

Chewy has received mostly positive media exposure till now. On Monday, Chewy’s stock opened at $36.2 and closed at $35.3, down by 2.8% from prior closing price of 36.3. Oppenheimer recommended buying Chewy on the dips, as they believe the company’s long-term growth prospects remain intact.

Chewy is a leading online pet retailer and has a strong competitive position in the market. The company has been growing rapidly and is expected to continue to do so in the future.

VI Analysis

Company’s fundamentals reflect its long term potential, and the VI app makes it easy to analyze a company’s financials. According to the VI Star Chart, CHEWY is classified as a “cheetah” a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. What type of investors may be interested in such a company?

CHEWY is strong in growth, medium in asset, profitability and weak in dividend. The company has an intermediate health score of 4/10 with regard to its cashflows and debt, and is likely to pay off debt and fund future operations.

Summary

Chewy is a leading online retailer of pet food and supplies, and has been recommended by Oppenheimer on the dips. Chewy’s media exposure has mostly been positive till now, and the company has been able to effectively reach out to its target market through its online presence. Chewy’s focus on customer satisfaction and providing a one-stop shop for all pet needs has made it a popular destination for pet owners.

The company’s commitment to offering low prices and free shipping has also helped it to attract and retain customers. Chewy has a strong financial position and is well-positioned to continue growing its market share in the online pet food and supplies industry.