Wayfair Stock: Trading Below Pre-Pandemic Levels, Time To Buy
Wayfair(W) Seeking Alpha·2024-08-23 16:17
jetcityimage Now hovering in the low $40s, Wayfair (NYSE:W) is trading substantially below where the stock had been prior to the pandemic, which was a major growth catalyst for the company. At that time, buoyed by demand that took revenue growth to ~2x y/y, shares of Wayfair shot up promptly above $300, and in the intervening years since, we've seen billions in market cap wiped off this company. And now, with the prospect of an S&P 500 that continues to ride near all-time highs, I'm keen to find contrar ...