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Needham Maintains a Buy Rating on Wayfair (W)

In a report released today, Anna Andreeva from Needham maintained a Buy rating on Wayfair (WResearch Report), with a price target of $100.00. The company’s shares closed last Thursday at $62.96, close to its 52-week low of $43.31.

According to TipRanks.com, Andreeva is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -3.4% and a 41.1% success rate. Andreeva covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Revolve Group, and Overstock.

The word on The Street in general, suggests a Hold analyst consensus rating for Wayfair with a $74.04 average price target, representing a 22.4% upside. In a report issued on August 2, William Blair also initiated coverage with a Buy rating on the stock.

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The company has a one-year high of $317.45 and a one-year low of $43.31. Currently, Wayfair has an average volume of 4.07M.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock.

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Wayfair Inc. is an e-commerce company which engages in selling furniture and home decor goods worldwide. The company sells its products through wayfair.com and four other branded websites, namely – AllModern, Joss & Main, Birch Lane and Perigold.

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