1 Growth Stock Down 36% in 2026 to Buy and Hold

Chewy stock has fallen 36% in 2026 due to high valuations and slowed growth from post-pandemic spending fluctuations and consumer tariff pressures. However, the article argues this presents a buying opportunity as the stock's valuation has normalized to 35x earnings, sales continue growing, and analysts project 24-25% annual earnings growth over the next 3-5 years. The company is expanding through telehealth services, veterinary clinics, and international markets.