Wayfair price target raised to $70 from $60 at Guggenheim

Guggenheim analyst Steven Forbes raised the firm’s price target on Wayfair to $70 from $60 and keeps a Buy rating on the shares. The firm’s key learnings from recent data insights “lean directionally positive” relative to its current estimates for active customers and net revenue, the analyst tells investors in a preview note ahead of the company’s Q2 earnings release slated for August 3.