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

Truist Securities analyst Youssef Squali has maintained a Buy rating on Wayfair (NYSE:W) and increased the price target from $63 to $70.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:09 pm

Piper Sandler analyst Peter Keith reiterates an Overweight rating on Wayfair (NYSE:W) and raises the price target from $88 to $91.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:24 pm

Needham analyst Anna Andreeva reiterated a Buy rating on Wayfair (NYSE:W) and maintained a $75 price target.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:44 pm

C.H. Robinson Worldwide, Inc. (CHRW) and other companies like Avis Budget Group (CAR), Qualcomm (QCOM), and BorgWarner (BWA) saw their stock prices rise after reporting better-than-expected financial results. The positive earnings reports led to significant gains in their share prices during Thursday's trading session, with CHRW shares jumping 16.8%. Other companies such as Aspen Aerogels (ASPN), Carvana Co. (CVNA), and Moderna Inc. (MRNA) also reported strong financial results, contributing to the overall positive sentiment in the stock market.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 2:28 pm

Wayfair Inc (NYSE:W) shares surged after reporting better-than-expected Q1 FY24 earnings, with a slight sales decline but significant improvements in operational losses and adjusted EBITDA. The company also saw an increase in active customers and maintained its average order value, with a notable portion of orders placed via mobile devices.

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 2:19 pm

Wayfair's stock price increased following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:19 pm

Wayfair reported Q1 2024 adjusted EPS of $(0.32), surpassing the $(0.44) estimate, and sales of $2.729B, exceeding the $2.635B estimate. This represents a significant improvement in losses and a slight decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:03 am

Nasdaq and S&P 500 futures rise ahead of Apple's earnings report, indicating a positive market outlook post-Federal Reserve's rate decision. Analysts highlight potential market risks and the impact of economic data on future Fed actions. Premarket trading sees significant movements in stocks based on earnings reports, with notable companies set to report throughout the day.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 10:52 am

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, revealing bullish or bearish sentiments across various stocks including TSLA, LCID, AMZN, RIVN, SG, CVNA, F, W, SBUX, and DKNG. The activity ranged from put and call options with varying expiration dates, strike prices, and sentiments, suggesting diverse market expectations.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 5:35 pm

Wayfair's (NYSE:W) short interest has decreased by 6.93% since the last report, with 21.84 million shares sold short, representing 33.03% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock, despite it being higher than its peer group average of 10.87%. The coverage period for these short positions is approximately 6 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:00 pm

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