W - Wayfair Stock Forecast: Should You Buy Sell Or Hold?

• 32% Revenue CAGR over the last 5-year period [2015-2019].
• FY2020e is ~65.0x P/E, suggesting company is overvalued.
• Growing millennial population will lead to rising housing sales and subsequently more home product purchases.
• Wayfair has been a positive read through for residential furniture stocks such as Bassett, Hooker, and Flexsteel which are all trading well below 5-year highs.
• Wayfair is a robust business with rapid revenue growth, but its stock has already done well during 2020, which begs the question whether upside be limited in the medium-term.

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