Morgan Stanley Maintains Overweight on Wayfair, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Wayfair (NYSE:W) and raises the price target from $85 to $90.
May 13, 2024 | 4:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley's positive outlook and increased price target for Wayfair suggests confidence in the company's future performance, potentially leading to increased investor interest and a positive short term price movement.
Analyst ratings and price target adjustments are significant indicators for investors, often leading to immediate stock price reactions. The upgrade from $85 to $90 by a reputable analyst at Morgan Stanley is likely to be viewed positively by the market, potentially driving up Wayfair's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100