Bernstein Upgrades Wayfair to Market Perform, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Nikhil Devnani has upgraded Wayfair (NYSE:W) from Underperform to Market Perform and raised the price target from $60 to $65.
September 22, 2023 | 9:26 am
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POSITIVE IMPACT
Wayfair has been upgraded to Market Perform by Bernstein, with a raised price target of $65.
The upgrade from Underperform to Market Perform indicates a positive change in the analyst's view of the company. The raised price target suggests the analyst believes the stock has potential for growth. This could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100