TC 300k
Nope. The market has a lot further to fall. The S&P 500 will test pre pandemic levels of March 2020 early next year and could possibly go even lower. Wayfair stock would probably hit $10 or $15 by then. It would then be a buy. It should bounce back to $30-40 and you can make a quick 100%. And then you leave a small piece just as a long term hold. If things don't go well wayfair could easily reach Penny stock status
Where did you get your crystal ball?
I'm a part time day trader. Executed thousands of trades. And I only trade the S&P 500 and QQQ. When I tell you the market is going lower you best believe it. Assuming nothing changes and Wayfair miraculously does not report good news, it will follow the market and will therefore head lower. All major stocks follow the SPY
Wayfairers, at what price is the company pricing it for offers?
Internal price is $65 🙄
It's actually priced at $200. $65 was only to hold people over in the short term.
Wayfair is trash
🤦♀️ A stock being down 90% has nothing to do with whether it is a buy. "Wayfair has 7 letters. 7 is my lucky number. Is it a buy?" Worse still, OP will blame Goldman Sachs if he invests and Wayfair ever goes bankrupt. Buy a damn index fund OP.
This
This was a company that had its moment in the sun during the pandemic - I don’t see it ever going back to those highs
I voted no and look where I work
Any Wayfair employee want to help out with some discount?
Lol have some shame
Google doesn't pay well , especially in this inflationary environment
My INR 1.66. It is not a buy yet. That would be my assessment for all stocks. This is because we have to wait for the cost of borrowing to stabilize. At its peak NYSE:W and everything else had multiple years of free capital to invest and the denominator of any valuation model is the cost of borrowing so the valuations were high. Right now, CoB is quite high and will likely be so for the next few months - Fed has to increase the interest rates to keep inflation in check. This is curbing demand side of the price equilibrium so demand for goods in general has and will also go down. So W still has some red to see (or maybe the market has already accounted for most of it). I’d buy dollar general or other cheap/used goods company stocks since that is where the consumers will go.
Next few months? It's probably more like next few years