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

In my previous article on Wayfair (NYSE: W ), I gave the stock a Sell rating based on business model risks, material overvaluation, a stagnating topline, and ongoing losses. However, Wayfair's 2025Q2 earnings report has meaningfully shifted the outlook, at least inI am a value-oriented buy and hold investor. Professionally, I have worked in Corporate Finance for public and private companies for 10+ years and have extensive experience building in-house financial models. I am writing on Seeking Alpha to share ...