However, several bullish outlier price targets stretch toward $2.80 based on anticipated Q4 retail demand strength. Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. Petco is down 31.5% since the beginning of the year, and at $2.81 per share, it is trading 51.3% below its 52-week high of $5.77 from October 2024. Investors who bought $1,000 worth of Petco’s shares at the IPO in January 2021 would now be looking at an investment worth $95.58. Economic resilience in the U.S. retail sector is creating a supportive environment for "woof stock price". Historical correlation suggests that shifts in discretionary spending directly impact the pet product market, lending confidence to forecasts of moderate growth.
