Despite Pandemic Gains Lapped, Wayfair Poised For Continued Top-Line Growth Through 2024, Predicts Analyst
Portfolio Pulse from Shivani Kumaresan
Needham analyst Anna Andreeva reiterated a Buy rating on Wayfair Inc (NYSE:W) with a price target of $100. The analyst predicts continued top-line growth for Wayfair through 2024, despite pandemic gains being lapped. Wayfair's growth is expected to be driven by double-digit sales CAGR, international expansion, and a focus on advertising. The company's competitive edge in fulfillment through its own global logistics network is also seen as an under-appreciated asset.
August 11, 2023 | 6:18 pm
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Wayfair Inc is expected to see continued top-line growth through 2024, according to Needham analyst Anna Andreeva. The company's growth is expected to be driven by double-digit sales CAGR, international expansion, and a focus on advertising.
The analyst's positive outlook on Wayfair's growth, along with the reiteration of a Buy rating, is likely to have a positive impact on the company's stock in the short term. The company's focus on advertising and international expansion, as well as its competitive edge in fulfillment, are seen as key drivers of this growth.
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