.jpg "Wayfair Inc (NYSE: W)")
Canaccord Genuity analyst Maria Ripps maintained a Buy rating on Wayfair Inc (NYSE: W) today and set a price target of $140. The company’s shares opened today at $114.95.
Ripps said:
“We hosted Wayfair CEO a fireside chat at our annual Canaccord Genuity Growth Conference. Key areas of discussion included continued investments in user experience, product selection, and delivery infrastructure, all of which drive repeat consumer purchases and create operating leverage over time. Int’l markets is another area of investment and growth, and expansion outside of the company’s three current markets (Canada, UK, and Germany) is likely after Germany demonstrates sufficient operational progress.”
According to TipRanks.com, Ripps is ranked #2630 out of 4850 analysts.
Wayfair Inc has an analyst consensus of Moderate Buy, with a price target consensus of $127.92, which is an 11.3% upside from current levels. In a report issued on July 31, Cowen & Co. also reiterated a Buy rating on the stock with a $134 price target.
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The company has a one-year high of $128.44 and a one-year low of $55.33. Currently, Wayfair Inc has an average volume of 1.56M.
Based on the recent corporate insider activity of 338 insiders, corporate insider sentiment is negative on the stock. Last month, Romero Rodrigues, a Director at W sold 126 shares for a total of $14,944.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Wayfair, Inc. engages in an online home furnishing store. It offers a selection of home furnishings and decor across all styles and price points. It operates through the U.S. and International segments.
