Chewy (NYSE: CHWY) saw its shares rise almost 3% after receiving two analyst recommendation upgrades. Seaport Global Securities’s Aaron Kessler upgraded his recommendation to buy with a $47 price target, citing strong revenue growth and gross margins. Deutsche Bank’s Leo Horowitz also upgraded Chewy to buy with a $45 price target, highlighting growth initiatives like the Chewy+ Membership program. Despite recent performance setbacks, analysts believe strategic investments will boost fundamentals. However, The Motley Fool Stock Advisor team did not include Chewy in their list of 10 best stocks for investors to buy now, citing other potential high-return opportunities.

Read more at Yahoo Finance: Why Chewy Stock Ticked Higher on Thursday