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Stifel Nicolaus Maintains a Hold Rating on Wayfair (W)

In a report released today, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Wayfair (WResearch Report), with a price target of $60.00. The company’s shares closed last Thursday at $62.90, close to its 52-week low of $43.31.

According to TipRanks.com, Devitt is a 4-star analyst with an average return of 7.9% and a 43.2% success rate. Devitt covers the Technology sector, focusing on stocks such as Zillow Group Class A, Alphabet Class A, and Clear Secure.

The word on The Street in general, suggests a Hold analyst consensus rating for Wayfair with a $74.24 average price target, implying a 22.8% upside from current levels. In a report issued on July 27, MKM Partners also initiated coverage with a Hold rating on the stock with a $50.00 price target.

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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.

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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