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Wayfair (W) Receives a Sell from Wells Fargo

In a report released today, Zachary Fadem from Wells Fargo maintained a Sell rating on Wayfair (WResearch Report), with a price target of $45.00. The company’s shares closed last Thursday at $65.71, close to its 52-week low of $43.31.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 17.8% and a 64.2% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.

Currently, the analyst consensus on Wayfair is a Hold with an average price target of $74.04, a 22.4% upside from current levels. In a report issued on July 21, Bank of America Securities also maintained a Sell rating on the stock with a $64.00 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.

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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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