Chewy Inc.: Analysts from Morgan Stanley see 100% price potential in the subscription model!

Morgan Stanley confirms the buy recommendation for Chewy Inc. (CHWY) with a price target of $36, supported by the expanded Chewy+ program. The business model benefits from high predictability with an autoship rate of over 84%. CEO Sumit Singh focuses on profitability, as evidenced by an operational quarterly result of approximately €230 million. Predictability through subscription-based pet supplies The online retailer's business model is characterized by a high proportion of recurring revenues. Over 84% of sales come from the autoship...