According to TipRanks.com, Devitt is a top 100 analyst with an average return of 20.4% and a 68.9% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Mercadolibre.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $100.71 average price target, representing a 23.6% upside. In a report issued on February 13, Oppenheimer also maintained a Buy rating on the stock.
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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.
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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.