Wayfair (W) Receives Price Target

Wayfair (W) : 9 investment research analysts covering Wayfair (W) have an average price target of $52.89 for the near short term. The highest target price given by the Brokerage Firm to the stock is $85 and the lowest target is $43 for the short term. Analysts expect the variance to be within $12.84 of the average price.

Wayfair (W) : 5 brokerage houses believe that Wayfair (W) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Wayfair (W). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.27.


Also, Bank of America downgrades its view on Wayfair (NYSE:W) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on August 10, 2016.

Wayfair (NYSE:W): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.55 and $38.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.29, notching a gain of 2.03% for the day. The total traded volume was 769,897 . The stock had closed at $38.51 on the previous day.

Wayfair Inc. (Wayfair) is an online destination for the home. Through its e-commerce business model, the Company offers browsing, merchandising, product discovery and prices for over seven million products from over 7,000 suppliers across five brands: Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair.com is its flagship mass market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Companys online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a new destination for home designs. Wayfair also generates revenues online through its retail partners. Wayfair Media Solutions helps selected manufacturers, retailers and other advertisers market to its consumer audience.

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