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

Goldman Sachs has maintained its Neutral rating for Wayfair (NYSE:W) and increased its price target from $35.00 to $55.00. Wayfair's shares are currently trading at $71.82, which is 3.32% higher than the previous day. A move to $55.00 would represent a 23.42% decrease from the current share price.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:00 pm

Goldman Sachs analyst Alexandra Steiger maintains a Neutral rating on Wayfair (NYSE:W) and raises the price target from $35 to $55.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 12:21 pm

Wayfair (NYSE:W) has received 12 analyst ratings in the last quarter, with the majority being bullish. The average price target is $63.17, which is lower than the current price of $69.15, implying a downside. The average price target has increased by 6.04% from the previous average of $59.57.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 7:00 pm

B of A Securities analyst Curtis Nagle maintains a Buy rating on Wayfair (NYSE:W) and raises the price target from $60 to $80.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 4:28 pm

Wayfair's stock is trading higher, benefiting from the overall market strength.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 6:25 pm

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), Rivian (RIVN), Lucid Group (LCID), Carvana (CVNA), Crocs (CROX), PulteGroup (PHM), New Oriental Education & Technology Group (EDU), Skechers (SKX), Penn National Gaming (PENN), and Wayfair (W). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:40 pm

During Thursday's intraday session, several consumer discretionary stocks saw significant movement. Mullen Automotive (MULN), Genius Sports (GENI), Sweetgreen (SG), Barnes & Noble Education (BNED), Holley (HLLY), and Children's Place (PLCE) stocks increased by 44.6%, 20.91%, 16.56%, 15.23%, 10.81%, and 10.57% respectively. On the other hand, Visionary Education Tech (VEDU), RealReal (REAL), Overstock.com (OSTK), Wayfair (W), Lindblad Expeditions (LIND), and Peloton Interactive (PTON) stocks decreased by 13.7%, 12.06%, 11.72%, 10.91%, 10.86%, and 9.85% respectively.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:37 pm

US stocks traded lower with the Dow Jones dropping over 450 points. Applied Digital Corporation (APLD) dipped 14.1% after a short report by Wolf Pack Research. Affirm Holdings (AFRM) dropped 14% following a downgrade from Piper Sandler. Other stocks that recorded losses include SoundHound AI (SOUN), BioXcel Therapeutics (BTAI), ProKidney Corp (PROK), Offerpad Solutions (OPAD), Calliditas Therapeutics (CALT), Exscientia (EXAI), Aurora Innovation (AUR), Sunrun (RUN), Archer Aviation (ACHR), Joby Aviation (JOBY), Wallbox (WBX), Stem (STEM), Peloton Interactive (PTON), Rocket Companies (RKT), Upstart Holdings (UPST), Ginkgo Bioworks Holdings (DNA), Wayfair (W), Block (SQ), Rackspace Technology (RXT), Teladoc Health (TDOC), and Twilio (TWLO).

Portfolio Pulse from Lisa Levin

July 06, 2023 | 4:49 pm

Retail stocks are trading lower due to concerns over potential rate hikes, which could negatively impact consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:35 pm

Shares of retail and consumer discretionary companies are trading higher following better-than-expected June consumer confidence data.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 6:18 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.