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
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 €.