Wayfair Inc's Growth Remains Strong, but Wall Street Worries About Profitability
Shareholders of Wayfair (NYSE: W) got a rude wake-up call on Thursday. The home furnishings e-tailer's third-quarter earnings report showed very strong sales growth at 39%, but the lack of any signs toward profitability -- in fact, a widening of losses -- caused Wall Street to sour on its prospects. Shares of the company were down by as much as 20% after earnings were released.
While there's still a lot to be hopeful for, the most recent quarter raises a few yellow flags that investors need to be aware of.
Source: Fool.com
Wayfair Inc. Stock
With 37 Buy predictions and 2 Sell predictions Wayfair Inc. is one of the favorites of our community.
As a result the target price of 70 € shows a positive potential of 43.31% compared to the current price of 48.85 € for Wayfair Inc..