Blurbs

Needham Thinks Wayfair’s Stock is Going to Recover

Needham analyst Anna Andreeva maintained a Buy rating on Wayfair (WResearch Report) today and set a price target of $225.00. The company’s shares closed last Thursday at $140.52, close to its 52-week low of $129.50.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 1.9% and a 44.4% success rate. Andreeva covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Overstock, and RealReal.

Wayfair has an analyst consensus of Hold, with a price target consensus of $225.13, representing a 53.1% upside. In a report issued on January 26, Guggenheim also reiterated a Buy rating on the stock with a $250.00 price target.

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The company has a one-year high of $355.96 and a one-year low of $129.50. Currently, Wayfair has an average volume of 1.61M.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of W in relation to earlier this year.

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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