Loop Capital Maintains Hold on Wayfair, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Laura Champine maintains a Hold rating on Wayfair (NYSE:W) and raises the price target from $55 to $65.
April 02, 2024 | 7:13 pm
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Loop Capital maintains a Hold rating on Wayfair but raises the price target from $55 to $65.
The increase in the price target from $55 to $65 by Loop Capital indicates a positive outlook on Wayfair's stock value in the short term, despite maintaining a Hold rating. This adjustment suggests that the analyst sees potential for Wayfair's stock to perform better than previously expected, which could lead to increased investor interest and potentially a rise in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100