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Piper Sandler Keeps Their Buy Rating on Wayfair (W)

Tipranks - Tipranks - Fri Feb 13, 6:58AM CST

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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Keith covers the Consumer Cyclical sector, focusing on stocks such as Wayfair, Somnigroup International, and Home Depot. According to TipRanks, Keith has an average return of 11.9% and a 56.94% success rate on recommended stocks.

In addition to Piper Sandler, Wayfair also received a Buy from Wells Fargo’s Zachary Fadem in a report issued yesterday. However, on February 3, TipRanks – Google downgraded Wayfair (NYSE: W) to a Hold.

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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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