JPMorgan analyst Christopher Horvers raised the firm’s price target on Wayfair (W) to $82 from $75 and keeps an Overweight rating on the shares after its Q2 earnings beat. It was clear that the demand upside was not driven by pre-tariff buying or tariff-induced price inflation, but share gains as a result of self-help factors, the analyst tells investors in a research note. Wayfair’s impressive potential margin leverage was also evident, driven by generally fixed SG&A costs and strong returns on advertising, the firm added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on W:
- Wayfair’s Strong Q2 Performance and Cautious Hold Rating Amid Modest Growth Projections
- Wayfair’s Strong Q2 Performance and Strategic Growth Initiatives Lead to Buy Rating and Increased Price Target
- Wayfair price target raised to $72 from $60 at BofA
- Wayfair upgraded to Accumulate at Gordon Haskett after Q2 ‘delivered’
- Wayfair upgraded to Accumulate from Hold at Gordon Haskett