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
€87.86
-1.300%
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
With a target price of 96 € there is a slightly positive potential of 9.26% for Wayfair Inc. compared to the current price of 87.86 €.
