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

31.47

Mkt cap

Volume

2.8M

High

32.17

P/E Ratio

-7.95

52-wk high

76.17

Low

31.20

Div yield

N/A

52-wk low

31.00

Piper Sandler analyst Peter Keith maintains an Overweight rating on Wayfair (NYSE:W) but lowers the price target from $91 to $67.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 2:18 pm

Wedbush analyst Seth Basham maintains an Outperform rating on Wayfair (NYSE:W) but lowers the price target from $70 to $60.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:36 pm

Truist Securities has maintained its Buy rating on Wayfair but lowered the price target from $70 to $60.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:32 pm

JPMorgan analyst Christopher Horvers recommends buying Wayfair (NYSE:W) stock despite recent dips due to macroeconomic factors. He maintains an Overweight rating with a revised price target of $63 by December 2024, down from $80. Horvers believes Wayfair's long-term potential remains strong, citing market share gains and strategic initiatives.

Portfolio Pulse from Surbhi Jain

August 02, 2024 | 1:02 pm

Wayfair Inc. (NYSE:W) reported Q2 earnings that fell short of expectations, with adjusted EPS of 47 cents missing the street view of 49 cents and sales of $3.117 billion missing the consensus of $3.179 billion. U.S. net revenue fell by $55 million, while international net revenue saw a slight increase. The company cited cautious consumer spending as a key factor. Shares dipped 3.88% following the report.

Portfolio Pulse from Nabaparna Bhattacharya

August 01, 2024 | 2:13 pm

Wayfair shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:27 pm

Wayfair (NYSE:W) reported Q2 2024 earnings per share of $0.47, missing the analyst estimate of $0.49. Sales were $3.117 billion, also below the $3.179 billion estimate and down 1.70% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:01 am

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

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