Where Will Wayfair Stock Be in 5 Years?
Wayfair (NYSE: W) investors had a brutal 2022. The e-commerce stock, which was a huge winner in the early phases of the pandemic, has plunged by over 80% through mid-December as demand trends worsened. Wayfair has seen order volumes plunge just as spending accelerated on its supply chain infrastructure.
Those factors will likely continue hurting the business in 2023. But is the long-term outlook still bright for this company? Let's take a closer look.
Wayfair's last few quarterly updates suggest that there will likely be more pain ahead for the business in 2023. The company shed 23% of its active customers year over year in Q3, showing essentially no improvement compared to the prior quarter's 24% slump.
Source Fool.com
