2 Reasons to Sell Wayfair Stock, and 1 Reason to Buy
Investors are becoming much more optimistic about 's (NYSE: W) business, even though the e-commerce retailer is struggling right now. Shares have more than doubled so far in 2023, in fact, compared with a 34% increase in the Nasdaq Composite.
That wider tech rally surely played a key role in Wayfair's bounce, and the stock is still more than 60% below the all-time highs it set during the pandemic. But Wall Street also has some specific reasons to believe the home-furnishings retailer will bounce back following the current growth hangover.
Let's look at a few reasons investors might want to avoid this stock for now, along with one big reason to consider owning it.
Source Fool.com
Wayfair Inc. Stock
€38.48
1.550%
The stock is one of the favorites of our community with 34 Buy predictions and 2 Sell predictions.
With a target price of 65 € there is a hugely positive potential of 68.92% for Wayfair Inc. compared to the current price of 38.48 €.
