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Piper Sandler Sticks to Their Buy Rating for Wayfair (W)

Tipranks - Tipranks - Sat Feb 21, 6:12AM CST

In a report released today, Peter Keith from Piper Sandler reiterated 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, Boot Barn, and Somnigroup International. 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 Morgan Stanley’s Simeon Gutman in a report issued today. However, on the same day, Goldman Sachs 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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