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Wells Fargo Remains a Buy on Wayfair (W)

Tipranks - Tipranks - Thu Feb 12, 9:38AM CST

In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on Wayfair, with a price target of $125.00.

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According to TipRanks, Fadem is a 5-star analyst with an average return of 8.9% and a 61.68% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, Brinker International, and Home Depot.

In addition to Wells Fargo, Wayfair also received a Buy from Guggenheim’s Steven Forbes in a report issued on February 9. However, on February 3, TipRanks – OpenAI reiterated a Hold rating on Wayfair (NYSE: W).

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Based on Wayfair’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.12 billion and a GAAP net loss of $99 million. In comparison, last year the company earned a revenue of $2.88 billion and had a GAAP net loss of $74 million

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