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Guggenheim Keeps Their Buy Rating on Wayfair (W)

Tipranks - Tipranks - Wed Mar 11, 6:26AM CDT

In a report released today, Steven Forbes from Guggenheim reiterated a Buy rating on Wayfair, with a price target of $120.00.

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According to TipRanks, Forbes is a 4-star analyst with an average return of 9.3% and a 52.08% success rate. Forbes covers the Consumer Cyclical sector, focusing on stocks such as Tractor Supply, Wayfair, and SharkNinja, Inc..

In addition to Guggenheim, Wayfair also received a Buy from Bank of America Securities’s Mike McGovern in a report issued yesterday. However, on March 7, 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 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

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