Wayfair Inc's Growth Remains Strong, but Wall Street Worries About Profitability
Shareholders of Wayfair (NYSE: W) got a rude wake-up call on Thursday. The home furnishings e-tailer's third-quarter earnings report showed very strong sales growth at 39%, but the lack of any signs toward profitability -- in fact, a widening of losses -- caused Wall Street to sour on its prospects. Shares of the company were down by as much as 20% after earnings were released.
While there's still a lot to be hopeful for, the most recent quarter raises a few yellow flags that investors need to be aware of.
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Source: Fool.com
Wayfair Inc. Stock
€38.63
1.220%
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 68.26% for Wayfair Inc. compared to the current price of 38.63 €.
