Oppenheimer Reaffirms Their Buy Rating on Wayfair Inc (W)


Oppenheimer analyst Brian Nagel maintained a Buy rating on Wayfair Inc (W) today. The company’s shares opened today at $96.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 4.9% and a 56.5% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Dick’s Sporting Goods, and Advance Auto Parts.

Currently, the analyst consensus on Wayfair Inc is a Moderate Buy with an average price target of $125.40.

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Based on Wayfair Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $152 million. In comparison, last year the company had a GAAP net loss of $76.43 million.

Based on the recent corporate insider activity of 311 insiders, corporate insider sentiment is neutral on the stock.

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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.

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