Streetbeat News

Wayfair Inc.

https://www.wayfair.com

Industry

Specialty Retail

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

Open

40.09

Mkt cap

Volume

5.3M

High

42.07

P/E Ratio

-8.92

52-wk high

76.17

Low

39.34

Div yield

N/A

52-wk low

37.60

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), H&R Block (HRB), NIO Inc. (NIO), Lucid Group (LCID), XPeng Inc. (XPEV), Six Flags Entertainment (SIX), Airbnb (ABNB), Li Auto (LI), Wayfair (W), and GGR. The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:35 pm

UBS analyst Atul Maheswari has upgraded Wayfair Inc (NYSE:W) to Buy from Neutral with an increased price target of $110 from $72. The analyst believes that Wayfair will enter a multi-quarter growth period with a boost in sales and profit. The company's move to reduce the cost base is expected to drive margin gains in the future. Last week, Wayfair reported a Q2 FY23 sales decline of 3.4% YoY to $3.17 billion, beating the consensus of $3.10 billion.

Portfolio Pulse from Lekha Gupta

August 07, 2023 | 5:36 pm

Morgan Stanley analyst Simeon Gutman maintains an Equal-Weight rating on Wayfair (NYSE:W) and raises the price target from $45 to $90.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 3:48 pm

Wayfair's stock is trading higher following an upgrade to 'Buy' from analysts at UBS.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:54 am

Several analyst forecasts were released on Monday, with price target changes for MACOM Technology Solutions Holdings, Sage Therapeutics, DraftKings, Laureate Education, The Clorox Company, Monster Beverage Corporation, Wayfair, Palo Alto Networks, MercadoLibre, PG&E Corporation, and TriNet Group. Most of the companies saw their price targets raised, with a few exceptions.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 11:52 am

UBS analyst Michael Lasser has upgraded Wayfair (NYSE:W) from Neutral to Buy and raised the price target from $72 to $110.

Portfolio Pulse from richadhand@benzinga.com

August 07, 2023 | 9:08 am

The major stock indexes experienced a down week, with the Nasdaq, S&P, and Dow falling by roughly 2.9%, 2.3%, and 1.1% respectively. Fitch Ratings lowered the U.S. government's credit rating from AAA to AA+. Despite this, the job market remained robust with the unemployment rate dropping to 3.5%. Tesla, Inc. (TSLA) was suggested to buy Uber Technologies, Inc. (UBER) to capitalize on autonomous ride-hailing. Robinhood Markets, Inc. (HOOD), Uber, and Wayfair Inc. (W) achieved unexpected profitability in Q2. X, formerly Twitter, is exploring the possibility of building a trading hub for cryptocurrencies. Ford Motor Co's (F) Q2 revenue surge overshadowed a $4.5 billion loss in EV. BlackRock Inc (BLK) and MSCI Inc (MSCI) are under scrutiny for allegedly channeling investments into Chinese companies accused of human rights violations. JPMorgan Chase & Co (JPM) CEO Jamie Dimon expressed heightened concern over fiscal spending, quantitative tightening, and the Ukraine crisis.

Portfolio Pulse from Michael Cohen

August 05, 2023 | 1:20 pm

Truist Securities analyst Youssef Squali maintains a 'Buy' rating on Wayfair (NYSE:W) and has raised the price target from $56 to $96.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 8:13 pm

Loop Capital analyst Laura Champine maintains a 'Sell' rating on Wayfair (NYSE:W) but raises the price target from $25 to $65.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 8:08 pm

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tupperware Brands Corporation (TUP), Wayfair Inc. (W), Tesla Inc. (TSLA), Trip.com Group Limited (TCOM), Nike Inc. (NKE), Carvana Co. (CVNA), Ford Motor Company (F), MGM Resorts International (MGM), Expedia Group Inc. (EXPE), and NIO Inc. (NIO). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:35 pm

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