Wayfair Inc (W) Receives a Rating Update from a Top Analyst

Stifel Nicolaus analyst Scott Devitt maintained a Hold rating on Wayfair Inc (W) today and set a price target of $150. The company’s shares opened today at $129.15.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 21.9% and a 70.2% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies Inc, and Eventbrite Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair Inc with a $163.45 average price target, representing a 26.6% upside. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $140 price target.

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The company has a one-year high of $173.72 and a one-year low of $76.60. Currently, Wayfair Inc has an average volume of 1.44M.

Based on the recent corporate insider activity of 253 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.