TechThe Motley Foolabout 3 hours ago
Why Chewy Stock Got Mashed in May
ByteBrief summary
1 min readChewy stock fell 11% in May as two analysts cut price targets to $43 and $40 from $49 and $48 respectively. CEO Sumit Singh noted consumer spending pressure despite a $160 billion addressable market. Morgan Stanley and Barclays reduced forecasts citing macroeconomic headwinds and revenue guidance trim.
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