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Will Wayfair Stock Hit $100 In 2023?

Will Wayfair Stock Hit $100 In 2023?

Wayfair (NYSE: W) stock has had a rocky ride over the last few years. Over the last year, Wayfair was hit hard by supply chain shortages and high inflation that caused revenue to fall. An expensive valuation entering 2022 ahead of falling revenue sent the stock price down 84% from its high.