Oppenheimer analyst Brian Nagel has reiterated an Outperform rating on Wayfair Inc (NYSE:W) and raised the price target from $70 to $100. The analyst raised Q3 adjusted EBITDA forecast to $41.8 million and introduced an initial 2025 adjusted EBITDA estimate of $700 million. Wayfair's management updated its cost efficiency plan in January 2023, aiming to lower annual operating costs by an estimated $1.4 billion. The company's shares are currently trading at $69.93, up by 0.33%.