Where Will Wayfair Stock Be in 1 Year?
Furniture isn't usually the most exciting investment topic -- especially compared with hot areas like tech -- but one stock is soaring of late. Online furniture retailer (NYSE: W) has seen its shares more than double this year -- and that's despite dramatically declining sales and a depressing near-term outlook.
What gives? Let's see what shareholders have picked up on, and imagine where Wayfair could be next year at this time.
Wayfair has a fantastic business model. It sells completely online, so it doesn't need to invest in costly real estate for showrooms. The digital platform also opens it up to a huge market of the entire U.S. population, and it operates in some other regions as well.
Source Fool.com
Wayfair Inc. Stock
The stock is one of the favorites of our community with 35 Buy predictions and 2 Sell predictions.
With a target price of 65 € there is a positive potential of 27.8% for Wayfair Inc. compared to the current price of 50.86 €.