Wall Street Expects This Beaten-Down Stock to Soar 361%

Online furniture retailer Wayfair (NYSE: W) is part of the latter category, with its shares plunging 82% so far this year after already beginning to lose steam last year. Wayfair functions as a "dropship" platform for thousands of suppliers that partner with it to display their products on its website, and many of them use its robust logistics network to get the products to customers. Wayfair invested heavily in customer-oriented features, knowing that without a showroom, it needed to make the concept of buying furniture online attractive.