Stifel Maintains Hold on Wayfair, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Kelley has maintained a Hold rating on Wayfair (NYSE:W) and increased the price target from $52 to $55. This adjustment reflects a slightly more optimistic outlook for the company's stock, suggesting that Wayfair may perform modestly better than previously expected.
January 09, 2024 | 2:07 pm
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Stifel's analyst has maintained a Hold rating on Wayfair but raised the price target from $52 to $55, indicating a modestly improved outlook for the company's stock.
The increase in price target by Stifel suggests a more positive assessment of Wayfair's future stock performance, which could lead to increased investor confidence and a potential short-term uplift in the stock price. However, since the rating remains a Hold, the impact may be moderate rather than significant.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100