RBC Capital Maintains Sector Perform on Wayfair, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained a 'Sector Perform' rating on Wayfair (NYSE:W) and increased the price target from $55 to $62.
February 23, 2024 | 4:44 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
RBC Capital has maintained its 'Sector Perform' rating on Wayfair and raised the price target from $55 to $62.
The increase in price target by RBC Capital suggests a positive outlook on Wayfair's stock performance in the short term. This adjustment reflects an analyst's confidence in the company's potential to perform well or better than previously expected. Such endorsements often lead to increased investor confidence and can positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100