12 High Growth E-commerce Stocks To Buy

8. Chewy, Inc. (NYSE:CHWY)

5-year Revenue Growth: 19.60%

Number of Hedge Fund Holders: 57

On January 13, Morgan Stanley raised its price target on Chewy to $51 from $48 while maintaining an Overweight rating on the shares. In a broader note on the North America Internet sector, the firm highlighted that 2026 is likely to resemble 2025, with investors favoring companies that can demonstrate meaningful returns on invested capital, particularly those leveraging GenAI- or GPU-enabled technologies. Within this framework, Chewy, Inc. (NYSE:CHWY) stands out as a business showing improving operational leverage and clearer pathways to value creation, even as other internet subsectors face valuation pressure from disruption and competitive uncertainty.

Chewy, Inc. (NYSE:CHWY) reinforced this constructive outlook during its third quarter 2025 earnings call in December. The company reported net sales of $3.12 billion, representing 8.3% year-over-year growth and exceeding management’s guidance for the quarter. Performance was supported by continued customer engagement and expanding offerings, with Chewy Vet Care emerging as a notable growth driver. The veterinary services segment continued to outperform expectations, with two additional practices opened during the quarter, bringing the total footprint to 14 locations and highlighting Chewy’s progress in diversifying beyond core e-commerce.

Founded in 2011 and headquartered in Plantation, Florida, Chewy, Inc. (NYSE:CHWY) is a leading online retailer of pet food and pet-related products. Its expanding ecosystem, which now includes healthcare services alongside its core retail platform, positions the company to capture a larger share of pet spending over time while strengthening customer loyalty and long-term revenue visibility.