Wedbush analyst Seth Basham maintained a Hold rating on Wayfair (W) on March 27 and set a price target of $56.00. The company’s shares closed last Wednesday at $48.20.
According to TipRanks.com, Basham is a 2-star analyst with an average return of -0.4% and a 43.8% success rate. Basham covers the Services sector, focusing on stocks such as Floor & Decor Holdings, Genuine Parts Company, and Advance Auto Parts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $75.71 average price target, a 52.2% upside from current levels. In a report issued on March 23, Wells Fargo also maintained a Hold rating on the stock with a $38.00 price target.
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The company has a one-year high of $166.40 and a one-year low of $21.71. Currently, Wayfair has an average volume of 3.2M.
Based on the recent corporate insider activity of 129 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. The U.S. segment consists of amounts earned through product sales through the Company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through products sales in international sites. The company was founded by Steven K. Conine and Niraj S. Shah in May 2002 and is headquartered in Boston, MA.
