Stephens & Co. Upgrades Wayfair to Overweight, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Nicholas Zangler has upgraded Wayfair (NYSE:W) from Equal-Weight to Overweight and raised the price target from $34 to $105.
August 04, 2023 | 2:47 pm
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POSITIVE IMPACT
Wayfair has been upgraded to Overweight from Equal-Weight by Stephens & Co. analyst Nicholas Zangler, with a price target increase from $34 to $105.
The upgrade from Equal-Weight to Overweight by Stephens & Co. analyst Nicholas Zangler indicates a positive outlook for Wayfair. The significant increase in the price target from $34 to $105 suggests that the analyst sees substantial upside potential for the stock. This could lead to increased investor interest and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100