Wayfair Inc Had a Blowout Quarter
Immediately following the release of Wayfair (NYSE: W) earnings on Tuesday, shares traded down by as much as 9%. But a more careful look at Wayfair's performance shows a company that is still growing at a breakneck pace. While profitability is still a faraway concept for the company, it is doing all it can right now to win market share as customers show that buying furniture and home decor online is not a fad.
Image source: Wayfair
Before getting into the nuts and bolts of what made this a particularly strong quarter, let's review the headline numbers for the company.
Source: Fool.com
Wayfair Inc. Stock
€87.86
1.160%
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
With a target price of 94 € there is a slightly positive potential of 6.99% for Wayfair Inc. compared to the current price of 87.86 €.
