Wayfair Inc Had a Blowout Quarter
Immediately following the release of Wayfair (NYSE: W) earnings on Tuesday, shares traded down by as much as 9%. But a more careful look at Wayfair's performance shows a company that is still growing at a breakneck pace. While profitability is still a faraway concept for the company, it is doing all it can right now to win market share as customers show that buying furniture and home decor online is not a fad.
Image source: Wayfair
Before getting into the nuts and bolts of what made this a particularly strong quarter, let's review the headline numbers for the company.
Source: Fool.com
Wayfair Inc. Stock
€51.50
-1.940%
Our community is currently high on Wayfair Inc. with 36 Buy predictions and 21 Sell predictions.
With a target price of 64 € there is a positive potential of 24.27% for Wayfair Inc. compared to the current price of 51.5 €.
