Where Will Wayfair Stock Be in 1 Year?
Furniture isn't usually the most exciting investment topic -- especially compared with hot areas like tech -- but one stock is soaring of late. Online furniture retailer (NYSE: W) has seen its shares more than double this year -- and that's despite dramatically declining sales and a depressing near-term outlook.
What gives? Let's see what shareholders have picked up on, and imagine where Wayfair could be next year at this time.
Wayfair has a fantastic business model. It sells completely online, so it doesn't need to invest in costly real estate for showrooms. The digital platform also opens it up to a huge market of the entire U.S. population, and it operates in some other regions as well.
Source Fool.com
Wayfair Inc. Stock
€48.85
-1.000%
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..
