Here's Why Needham Is Bullish On This Pet Retailer

  • Needham analyst Anna Andreeva said she does not see any trade down in Petco Health And Wellness Company Inc WOOF as it continues to pass through inflation successfully.
  • Andreeva has a Buy rating and a $30 price target (87% upside) on the shares.
  • RelatedRead Why Needham Is Bullish On This Pet RetailerWhy Petco Shares Are Gaining Today
  • The analyst thinks the company is becoming an omnichannel powerhouse after a digital overhaul by CEO Ron Coughlin.
  • Andreeva said DoorDash Inc DASH partnership for same-day delivery available across the entire store base is a big competitive advantage.
  • With Petco providing a one-stop solution across consumables and services, the analyst cited the model as an advantage over digital-only players.
  • Price Action: WOOF shares are trading lower by 0.25% at $16.04 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!