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Barclays Keeps Their Buy Rating on Wayfair (W)

Tipranks - Tipranks - Sat Feb 21, 3:32AM CST

Barclays analyst Seth Sigman maintained a Buy rating on Wayfair today and set a price target of $123.00.

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Sigman covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, Wayfair, and Best Buy Co. According to TipRanks, Sigman has an average return of -5.7% and a 54.31% success rate on recommended stocks.

In addition to Barclays, Wayfair also received a Buy from William Blair’s Phillip Blee in a report issued yesterday. However, on February 17, TD Cowen maintained 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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