Piper Sandler Sticks to Its Buy Rating for Wayfair (W)
In a report released today, Peter Keith from Piper Sandler maintained a Buy rating on Wayfair, with a price target of $125.00.
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According to TipRanks, Keith is a 5-star analyst with an average return of 8.7% and a 48.69% success rate. Keith covers the Consumer Cyclical sector, focusing on stocks such as Wayfair, Boot Barn, and Best Buy Co.
In addition to Piper Sandler, Wayfair also received a Buy from Bank of America Securities’s Mike McGovern in a report issued on March 20. However, on March 27, Bernstein maintained a Hold rating on Wayfair (NYSE: W).
Based on Wayfair’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.34 billion and a GAAP net loss of $116 million. In comparison, last year the company earned a revenue of $3.12 billion and had a GAAP net loss of $128 million
Read More on W:
Disclaimer & DisclosureReport an Issue
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- Balancing Strategic AI Progress and Macro Headwinds: Maintaining a Hold Rating on Wayfair
- Wayfair: Accelerating Market Share and Profitability Upside Driven by Strategic Initiatives and Manageable Macro Risks
- Wayfair Repurchases Convertible Notes to Optimize Capital Structure
