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

38.94

Mkt cap

4.8B

Volume

3.3M

High

38.94

P/E Ratio

-8.49

52-wk high

76.17

Low

37.37

Div yield

N/A

52-wk low

37.37

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

Barclays analyst Adrienne Yih maintains an Equal-Weight rating on Wayfair (NYSE:W) but lowers the price target from $60 to $58.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 11:44 am

Wedbush analyst Seth Basham has reiterated an Outperform rating on Wayfair (NYSE:W) and maintained a $70 price target.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:40 pm

Wayfair is planning a four-day exclusive sales event for Black Friday in July, offering up to 80% off on home products from July 26-29.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 11:13 am

Today's session saw significant options activity in the consumer discretionary sector, with notable trades involving companies like Tesla, Jumia, Caesars Entertainment, eBay, Brunswick, Wayfair, Amazon, Lululemon, Beyond Meat, and Lowe's. These trades, tracked by Benzinga's options activity scanner, indicate varying sentiments from bullish to bearish, potentially impacting the short-term stock prices of these companies.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:35 pm

Shares of retail and consumer discretionary stocks are trading higher following a rise in June retail sales, indicating continued consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:30 pm

Bank of America has highlighted key catalysts and stocks to watch in the second half of 2024, focusing on internet and e-commerce sectors. Major companies like Amazon, Alphabet, Meta Platforms, Pinterest, Wayfair, Uber, Vivid Seats, DoorDash, and Applovin are expected to see significant events that could impact their share prices.

Portfolio Pulse from Chris Katje

June 27, 2024 | 6:13 pm

In 2024, the U.S. tech industry has seen significant layoffs, with Tesla leading the charge by reducing its workforce by 14%. Other companies like Dell, Cisco, Xerox, PayPal, Microsoft, Unity, Wayfair, Expedia, and Google have also announced substantial layoffs. These workforce reductions reflect broader industry challenges and strategic realignments.

Portfolio Pulse from Surbhi Jain

June 24, 2024 | 2:20 pm

Loop Capital analyst Laura Champine maintains a Hold rating on Wayfair (NYSE:W) and lowers the price target from $60 to $50.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:56 pm

Shares of some furniture stocks are trading lower after retail sales at furniture and home furnishing outlets fell in May.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:52 pm

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