Wayfair Stock News

This leader in home goods and furniture e-commerce is down but not out.

BOSTON--(BUSINESS WIRE)--Perigold, the luxury home retailer serving as the destination for the industry's best designers and brands, announces its second confirmed storefront location today, set to open spring 2025 in Houston, Texas, in Highland Village. This news follows the recent announcement of their expansion into brick-and-mortar with their West Palm Beach store opening in CityPlace in fa...

Wayfair will benefit from an improved housing market.

NEW YORK--(BUSINESS WIRE)--Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program.

The stock market is soaring with Trump's re-election, but Wayfair faces risks due to potential tariffs and a weak Q4 outlook. Due to heightened risks, I'm dropping my rating on Wayfair to neutral. Wayfair's Q3 revenue declined 2% y/y, with gross margins falling to 30.3%, driven by increased promotional activity to offset steeper revenue declines.

Rising interest rates weighed on the stock last month.

Despite near-term headwinds, Wayfair's fundamentals remain strong. Wayfair continues to gain market share, demonstrating its strong competitive position in the online furniture market. As the company continues to execute on its growth strategy and the macro environment improves, the stock has the potential to significantly outperform.

Wayfair just whiffed on its latest report, but better times could be in store.