Wayfair Stock Is Back From the Dead and Up 339%. Can It Keep Soaring?

Few stocks were hit as hard in the post-pandemic shift as Wayfair (NYSE: W), the online home furnishings retailer. Wayfair benefited from multiple trends during the pandemic. First, e-commerce sales spiked as consumers took to online shopping instead of visiting stores, and the need to work and learn remotely drove a surge in demand for home furnishings. In general, spending on the home rose during the pandemic as consumers spent money on home improvement that otherwise might have gone to travel or entertainment.When the pandemic ended, those trends suddenly reversed, and Wayfair was left having overinvested to operate in an economy that no longer needed it. Since then, the stock has mostly chugged along well below its earlier peak. As you can see from the chart below, its revenue is still well below its peak during the pandemic, as it has essentially been flat since then.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool