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

Wedbush has raised its price target on Wayfair's stock to $80, leading to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:54 pm

Wedbush analyst Seth Basham maintains an Outperform rating on Wayfair (NYSE:W) and raises the price target from $50 to $80.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 4:48 pm

Several US stocks traded higher on Friday, with the Nasdaq Composite gaining around 200 points. Notable gainers include Reata Pharmaceuticals, which rose 53.3% after Biogen agreed to acquire the company, Roku, which gained 20.8% after reporting better-than-expected Q2 results and strong Q3 guidance, and The Boston Beer Company, which surged 18.1% after reporting better-than-expected quarterly results. Other companies that saw significant gains include Business First Bancshares, Huron Consulting Group, TAL Education Group, Costamare, Coursera, Beazer Homes USA, Celestica, SIGA Technologies, Silicon Motion Technology Corporation, UP Fintech Holding Limited, SkyWest, GDS Holdings Limited, Dada Nexus Limited, Cardlytics, AVITA Medical, T. Rowe Price Group, Opendoor Technologies, Meritage Homes Corporation, Skechers U.S.A., Chart Industries, DISH Network Corporation, Upstart Holdings, DexCom, and Intel Corporation.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:47 pm

Citigroup analyst Ygal Arounian maintains a Buy rating on Wayfair (NYSE:W) and raises the price target from $65 to $88.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:22 am

Citigroup analyst Ygal Arounian has maintained a 'Buy' rating on Wayfair (NYSE:W) and raised the price target from $65 to $88.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 2:49 pm

Wayfair Inc (NYSE:W) has launched a new generative artificial intelligence platform called Decorify. The platform creates shoppable and photorealistic images using generative AI, allowing customers to visualize Wayfair products in their homes. The tool is free and could potentially increase sales for the company. Wayfair's shares closed down 0.95% to $68.72 on Tuesday, but are up 110% year-to-date in 2023.

Portfolio Pulse from Chris Katje

July 25, 2023 | 8:47 pm

Wayfair has launched Decorify, a virtual room styler powered by generative AI. This pilot solution aims to help customers design and shop for their homes more easily.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:08 pm

Several companies have had their price targets adjusted by various analysts. Domino's Pizza (DPZ) had its price target increased from $365 to $430 by Wedbush. Bluebird bio (BLUE) saw its price target raised from $6 to $10 by B of A Securities. Cisco Systems (CSCO) had its price target increased from $55 to $62 by JP Morgan. TD SYNNEX (SNX) had its price target raised from $100 to $105 by CFRA. Wayfair (W) saw its price target increased from $70 to $80 by Needham. Global-e Online (GLBE) had its price target raised from $38 to $45 by Morgan Stanley. Forward Air (FWRD) saw its price target increased from $106 to $130 by Baird. Charles Schwab (SCHW) had its price target raised from $64 to $77 by Raymond James. Enphase Energy (ENPH) saw its price target increased from $260 to $267 by Keybanc. Cinemark Holdings (CNK) had its price target cut from $21 to $18 by JP Morgan. Hancock Whitney (HWC) saw its price target cut from $50 to $46 by Piper Sandler.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 12:02 pm

Needham analyst Anna Andreeva maintains a Buy rating on Wayfair (NYSE:W) and raises the price target from $70 to $80.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 9:42 am

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable transactions include bullish call options for TSLA and GOEV, and bearish call options for F, RIVN, LI, and VZIO. Bearish put options were observed for HZO, CVNA, and DASH, while W saw bullish put options.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:35 pm

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