Barclays Maintains Equal-Weight on Wayfair, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has maintained an Equal-Weight rating on Wayfair (NYSE:W) but reduced the price target from $85 to $60, indicating a more cautious outlook on the company's stock value.
January 04, 2024 | 12:31 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays analyst Adrienne Yih maintains an Equal-Weight rating on Wayfair but lowers the price target from $85 to $60, suggesting a bearish view on the stock's short-term price potential.
The reduction in price target by a significant margin from $85 to $60 by a major analyst like Barclays is likely to be taken seriously by the market. This could lead to a negative investor sentiment in the short term, potentially causing a decrease in Wayfair's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100