In a report released today, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Wayfair (W – Research 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.
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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