Wayfair’s analyst day highlights ‘differentiators,’ says Guggenheim

Guggenheim made no change to the firm’s Buy rating and $100 price target on Wayfair. Wayfair’s 2023 Analyst Day provided a deep overview of the company’s high-level differentiators throughout the customer journey, key growth strategies, and mid-to-long term financial goals, and the firm continues to believe Wayfair’s secular growth potential includes the path back to double-digit net revenue growth and the achievement of a low-double digit adjusted EBITDA margin, the analyst tells investors in a research note.