If You Buy Chewy Stock Today, Here's Where It Could Be in 5 Years

To make a proper investment decision, you should try to forecast a company's stock price. You'll need to project certain items, like sales, and the corresponding price-to-sales (P/S) ratio.That sounds simple, but it's challenging to predict how a company will perform five years from now. Still, it's a necessity for long-term investors. Of course, you're not bound by those forecasts. You can, and should, update them as new information (e.g., quarterly results) comes in.Chewy's (NYSE: CHWY) stock price has had a wild ride. In early 2021, the shares reached an all-time high of nearly $120. They currently sell at more than 80% below that price. Where will the share price reach in five years?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool