Loop Capital Maintains Sell on Wayfair, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Laura Champine maintains a 'Sell' rating on Wayfair (NYSE:W) but raises the price target from $25 to $65.
August 04, 2023 | 8:08 pm
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Wayfair's price target has been raised from $25 to $65 by Loop Capital, despite maintaining a 'Sell' rating.
The news is directly about Wayfair and its price target. While the 'Sell' rating is maintained, the significant increase in price target could indicate a potential upside in the short term, but also suggests that the analyst believes the stock is currently overvalued. This could lead to neutral or mixed market reactions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100