Wayfair price target raised to $85 from $73 at Citi

Citi raised the firm’s price target on Wayfair to $85 from $73 and keeps a Buy rating on the shares. The analyst came away from an advisor call with a top Wayfair seller partner more confident on Wayfair’s long-term competitive advantages. The firm also sees a stable macro environment, with potential upside from spring trends. Wayfair’s competitive advantages should allow for continued share gains and better growth and profitability when the macro does rebound, the analyst tells investors in a research note. Citi continues to find the stock’s risk/reward attractive here.