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Saturday, 11/28/2020 9:17:12 AM

Saturday, November 28, 2020 9:17:12 AM

Post# of 199
In at $66.53, breaking out to new highs. Expecting blow out earnings 12/8 and these ~$90 target prices raised. Chewy the Amazon of the pet industry. $100 stock early 2021.


Chewy initiated with an Overweight at Piper Sandler: Piper Sandler analyst Peter Keith initiated coverage of Chewy with an Overweight rating and $90 price target. The analyst sees the long-term growth outlook as "highly attractive" given Chewy's "singular focus on a large industry" that is increasingly moving online. The analyst says that while company's revenue growth has accelerated in 2020 with a step-up in pet adoptions amidst COVID, he sees potential for an "abnormally strong" 2021 given an increase in customer spend.
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