At $63.10, Wayfair stock price is tracking modest gains in online retail benchmarks. Watch for earnings announcements later this month, as positive surprises may trigger upward revisions from buy-side analysts. Adjusted earnings per share jumped from $0.47 to $0.87, which beat the consensus at $0.33. For the third quarter, management predicted revenue growth in the low to mid-single digits. Taking into account all of these elements, it should come as no surprise that W is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Wayfair on your short list. Traders note that Wayfair stock price patterns show higher lows, signaling gradual buildup. This technical structure often precedes a breakout phase, especially if macro tailwinds align.
