Citigroup Maintains Buy on Wayfair, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ygal Arounian maintains a Buy rating on Wayfair (NYSE:W) but lowers the price target from $85 to $70.
August 02, 2024 | 4:26 pm
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Citigroup analyst Ygal Arounian maintains a Buy rating on Wayfair but lowers the price target from $85 to $70.
The Buy rating suggests continued confidence in Wayfair's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100