Wayfair (W) Gets a Hold Rating from Wells Fargo
Wells Fargo analyst Zachary Fadem maintained a Hold rating on Wayfair (W) today and set a price target of $320.00. The company’s shares closed last Friday at $295.57.
According to TipRanks.com, Fadem is a top 100 analyst with an average return of 32.9% and a 79.9% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $343.28 average price target, representing a 13.1% upside. In a report issued on April 19, Loop Capital Markets also maintained a Hold rating on the stock with a $340.00 price target.
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The company has a one-year high of $369.00 and a one-year low of $119.70. Currently, Wayfair has an average volume of 1.64M.
Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is neutral on the stock.
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Wayfair Inc. is an e-commerce company which engages in selling furniture and home decor goods worldwide. The company sells its products through wayfair.com and four other branded websites, namely – AllModern, Joss & Main, Birch Lane and Perigold.