Wayfair: Upgraded To Hold After Strong Q2, Though Valuation Remains Lofty

Core Viewpoint - Wayfair's 2025Q2 earnings report has significantly changed the outlook for the company, contrasting with previous assessments that highlighted business model risks, overvaluation, stagnating revenue, and ongoing losses [1]. Group 1 - The previous assessment of Wayfair included a Sell rating due to concerns about its business model and financial performance [1]. - The company has experienced stagnation in its topline revenue, which has been a critical factor in the previous negative outlook [1]. - Ongoing losses were a significant concern, contributing to the previous negative sentiment surrounding the stock [1].