Needham Maintains Buy on Wayfair, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Anna Andreeva has maintained a 'Buy' rating on Wayfair (NYSE:W) but lowered the price target from $100 to $75.

November 01, 2023 | 4:06 pm
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Wayfair's price target has been lowered from $100 to $75 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100