Where Will Wayfair Stock Be In 3 Years?
(NYSE: W) investors have been on a wild ride in the past three years. Shares in the online seller of home furnishings returned nearly 70% early in that period, yet a painful slump in the past year or so pushed stock lower by almost 80%. And now, in just the past month the shares are up some 25%.
The e-commerce business had been among the biggest beneficiaries of early pandemic demand spikes for home furnishings, but now the business is contracting and giving up much of those sales gains. The big question is whether the investing thesis is broken for this formerly high-flying growth stock.
Let's dive in and find out.
Source Fool.com
Wayfair Inc. Stock
€66.14
0.470%
The stock is one of the favorites of our community with 35 Buy predictions and 1 Sell predictions.
With a target price of 73 € there is a slightly positive potential of 10.37% for Wayfair Inc. compared to the current price of 66.14 €.
