Loop Capital Maintains Hold on Wayfair, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Hold rating on Wayfair while raising the price target from $45 to $55, indicating a more optimistic outlook on the company's stock performance.
September 26, 2024 | 12:28 pm
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Loop Capital has maintained a Hold rating on Wayfair, but increased the price target from $45 to $55, suggesting a more positive outlook on the stock.
The increase in price target from $45 to $55 by Loop Capital indicates a more optimistic view on Wayfair's stock, which could lead to a positive short-term impact on the stock price. However, the Hold rating suggests that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100