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Needham Sticks to Their Buy Rating for Wayfair (W)

In a report released today, Anna Andreeva from Needham maintained a Buy rating on Wayfair (WResearch Report), with a price target of $150.00. The company’s shares closed last Thursday at $110.78, close to its 52-week low of $100.57.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 1.5% and a 44.6% success rate. Andreeva covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Revolve Group, and Overstock.

Currently, the analyst consensus on Wayfair is a Hold with an average price target of $156.73.

See the top stocks recommended by analysts >>

Wayfair’s market cap is currently $11.64B and has a P/E ratio of -80.30.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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