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 has released its top ratings upgrades and downgrades for June 23, 2023, including several companies such as Neste Corp, Wayfair Inc, Evotec SE, Ventas Inc, and Principal Financial Group Inc receiving upgrades, while others like Humana Inc, Sarepta Therapeutics Inc, Under Armour Inc, and Accenture PLC were downgraded. Additionally, new coverage was initiated for companies like Fusion Pharmaceuticals Inc, Gambling.com Group Ltd, Valvoline Inc, and Floor & Decor Holdings Inc.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 3:02 pm

MoffettNathanson analyst Michael Morton has upgraded Wayfair (NYSE:W) from Underperform to Market Perform and announced a $44 price target.

Portfolio Pulse from richadhand@benzinga.com

June 23, 2023 | 10:45 am

Benzinga's options activity scanner has detected whale alerts in the Consumer Discretionary sector, with notable options activity in TSLA, LCID, F, RIVN, LI, NIO, EWCZ, DKNG, CVNA, and W stocks.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 5:42 pm

JP Morgan's annual Retail vs. Amazon deep dive predicts e-commerce penetration to rise in 2023, with Amazon becoming the largest US retailer in 2024. Wayfair, Academy Sports, Costco, Target, and Walmart are expected to benefit from online opportunities.

Portfolio Pulse from Anusuya Lahiri

June 15, 2023 | 5:05 pm

Wayfair shares are trading higher due to overall market strength following the release of May PPI data.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 5:02 pm

Over the past 3 months, 10 analysts have published their opinion on Wayfair (NYSE:W) stock, with an average 12-month price target of $63.4. The average price target has increased by 6.55% over the past month.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 9:01 pm

Benzinga's options activity scanner has detected whale alerts in 10 consumer discretionary stocks, including TSLA, CVNA, VFC, GM, ABNB, WYNN, DHI, W, EXPE, and PVH. These alerts can help traders discover potential big trading opportunities.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 5:36 pm

Wayfair shares are trading higher after several analysts raised their price targets on the stock, following the company's announcement of strengthening QTD gross revenue.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:54 pm

Truist Securities analyst Youssef Squali maintains a Buy rating on Wayfair (NYSE:W) and raises the price target from $53 to $56.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:23 pm

U.S. stocks traded higher on Thursday, with Carvana, Designer Brands, and REV Group among the big stocks recording gains. Carvana expects adjusted EBITDA over $50 million and total gross profit per unit above $6,000 in Q2. REV Group reported better-than-expected Q2 results and raised its FY23 outlook. Designer Brands surged following its Q1 results.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 2:55 pm

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