Wayfair: Buy, Sell, or Hold?
It's tempting, to be sure. (NYSE: W) shares are still down more than 90% from their pandemic-induced 2021 peak, and the company is suggesting that a return to operating profitability is in the near-term cards. And maybe it is.
This is a case, however, in which investors might be better off not making themselves part of yet another turnaround project. There are too many things that could still go wrong for Wayfair and too many other great opportunities to plug into elsewhere.
There's no denying that the online home-goods retailer gave it the proverbial old college try. Since its launch back in 2002 and Wayfair.com's launch in 2011, consumers as well as investors have enthusiastically watched -- and even cheered -- the company's efforts to crack into a crowded, complicated market. Everybody loves a good David-and-Goliath story.
Source Fool.com
Wayfair Inc. Stock
With 34 Buy predictions and 2 Sell predictions Wayfair Inc. is one of the favorites of our community.
As a result the target price of 65 € shows a very positive potential of 64.2% compared to the current price of 39.59 € for Wayfair Inc..
