Merrill Lynch Maintains a Buy Rating on Wayfair Inc


Merrill Lynch analyst Akshay Bhatia maintained a Buy rating on Wayfair Inc (NYSE: W) today and set a price target of $125. The company’s shares closed yesterday at $112.21, close to its 52-week high of $117.45.

Bhatia has an average return of 48.2% when recommending Wayfair Inc.

According to TipRanks.com, Bhatia is ranked #3279 out of 4822 analysts.

Wayfair Inc has an analyst consensus of Moderate Buy, with a price target consensus of $104, implying a -7.3% downside from current levels. In a report issued on June 19, Oppenheimer also assigned a Buy rating to the stock.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $117.45 and a one-year low of $55.33. Currently, Wayfair Inc has an average volume of 1.8M.

Based on the recent corporate insider activity of 354 insiders, corporate insider sentiment is negative on the stock.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts