Where Will Wayfair Stock Be in 1 Year?
Wayfair (NYSE: W) shareholders have had a volatile 2023 thanks to rapidly shifting sentiment around the e-commerce retailer's home furnishings business. Wayfair is still working through a painful growth hangover driven by much lower demand for home furnishing and e-commerce spending. Wayfair's customer base shrank by 15% year over year, and its overall order volume declined by 7%.