Wayfair stock price at $63

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. The stock currently trades at a forward P/E above 40, and there are limitations to its margin improvement without faster revenue growth. If the housing market cooperates, Wayfair could deliver stronger growth, but until then, this rally looks like it has run its course. For W, shares are up 20.12% over the past week while the Zacks Internet - Commerce industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 21.32% compares favorably with the industry's 1.03% performance as well. Wayfair stock price movements over the past week reveal a correlation with consumer sentiment indices. Positive data from the University of Michigan survey could bolster investor confidence in the stock.