1 Beaten-Down Stock That Could Soar 227% According to Wall Street
The S&P 500 was making progress heading into March, but it dropped again after the fall of Silicon Valley Bank and the subsequent banking crisis. Market indicators aren't buoying investor confidence. Inflation is slowing but still impacting prices and wallets, and retailers are still feeling the pinch.
Wayfair (NYSE: W) is one of them. It was a breakout stock at the beginning of the pandemic, but it's fallen hard -- down 72% over the past year and flat year to date. However, Wall Street sees a huge upside here. Should you buy?
Wayfair was gaining momentum before the pandemic, becoming an important player in the furniture industry. It operates what at the time was an innovative retail model of being completely online without the heavy expenses of physical stores.
Source Fool.com
