RBC Capital analyst Steven Shemesh lowered the firm’s price target on Wayfair (W) to $25 from $43 and keeps a Sector Perform rating on the shares ahead of its Q1 results. The firm is modeling net sales and adjusted EBITDA slightly above estimates, though site traffic data also looks to have remained under pressure through April, creating modest downside risk to its Q2 estimate, the analyst tells investors in a research note. RBC is also cutting its assumed 2026 EBITDA multiple to 10-times from 11-times.
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