A Bull Market Is Coming: 3 Reasons to Buy Wayfair Stock
(NYSE: W) has been one of the most volatile e-commerce stocks over the last few years. The macroeconomic headwinds exposed some vulnerabilities in Wayfair's business, and the company's revenue has fallen -- customers don't have the appetite to spend money on their homes after their spending binge during the pandemic.
Still, Wayfair is a leading brand in the home goods market, and there are signs the company is on the verge of turning the corner. Here are three reasons the stock could be ready for a bull run.
The era of artificial intelligence (AI) has arrived, and many companies are scrambling to invest in this revolutionary technology. Wayfair is already ahead of the game. The company has been investing in AI for several years.
Source Fool.com
Wayfair Inc. Stock
The stock is one of the favorites of our community with 37 Buy predictions and 3 Sell predictions.
With a target price of 70 € there is a positive potential of 43.31% for Wayfair Inc. compared to the current price of 48.85 €.
