TD Cowen analyst John Blackledge maintained a Hold rating on Wayfair today and set a price target of $74.00.
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John Blackledge has given his Hold rating due to a combination of factors, including the recent performance and future projections for Wayfair. He anticipates a modest increase in revenue for the third quarter of 2025, with a year-over-year growth of 3.9%, which is slightly below the consensus expectations. The forecasted U.S. revenue growth is slightly higher at 4.1%, while international revenue is expected to rise by 2.7% despite the company’s exit from the German market.
Furthermore, John Blackledge notes that while there is an improvement in inventory levels and a recovery in demand, the overall growth metrics remain modest. The gross profit margin is expected to be at the lower end of management’s guidance, and the EBITDA margin is projected to decrease compared to the previous quarter. Although there are positive adjustments to the long-term EBITDA forecasts and an increase in the price target to $74, these factors collectively support maintaining a Hold rating rather than a more bullish stance.
Blackledge covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Match Group, and Meta Platforms. According to TipRanks, Blackledge has an average return of 12.5% and a 56.30% success rate on recommended stocks.
In another report released on October 24, Deutsche Bank also maintained a Hold rating on the stock with a $75.00 price target.