3 Reasons to Avoid Wayfair Stock Like the Plague
Wall Street is excited about (NYSE: W) stock again. Shares of the home furnishings retailer have more than doubled in 2023 on hope that the worst of its growth hangover has now passed.
There are some encouraging signs about that potential operating rebound, to be sure. Wayfair recently returned to order volume growth, and its customer losses appear to be stabilizing. Cash flow trends are similarly positive, thanks to the solid progress in cutting costs.
Investors might still want to watch this stock from the sidelines, though. Let's look at three factors that make Wayfair an overly risky investment choice today.
Source Fool.com
Wayfair Inc. Stock
€47.81
-0.560%
With 37 Buy predictions and 4 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 46.43% compared to the current price of 47.81 € for Wayfair Inc..
