In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Wayfair (W), with a price target of $120.00. The company’s shares closed last Monday at $60.51, close to its 52-week low of $52.41.
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 10.7% and a 67.2% success rate. Nagel covers the Services sector, focusing on stocks such as Advance Auto Parts, Lumber Liquidators, and Urban Outfitters.
Wayfair has an analyst consensus of Moderate Buy, with a price target consensus of $100.00, representing an 87.6% upside. In a report issued on February 14, Piper Sandler also maintained a Buy rating on the stock with a $130.00 price target.
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Based on Wayfair’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $272 million. In comparison, last year the company had a GAAP net loss of $144 million.
Based on the recent corporate insider activity of 147 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of W in relation to earlier this year.
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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.
