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Wayfair Inc. (W)

NYSE - NYSE Delayed Price. Currency in USD
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312.70+11.30 (+3.75%)
At close: 4:00PM EDT

311.00 -1.70 (-0.54%)
Before hours: 7:15AM EDT

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Chart Events
Neutralpattern detected
Previous Close301.40
Bid311.00 x 900
Ask322.88 x 800
Day's Range298.33 - 316.67
52 Week Range21.70 - 316.67
Avg. Volume2,457,934
Market Cap29.592B
Beta (5Y Monthly)3.43
PE Ratio (TTM)N/A
EPS (TTM)-6.56
Earnings DateOct 29, 2020 - Nov 02, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est264.50
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  • Barclays Drops Bearish Wayfair Rating, Sees 'Little Reason' For Stock Multiple Contraction

    Barclays Drops Bearish Wayfair Rating, Sees 'Little Reason' For Stock Multiple Contraction

    The bearish case for online furniture company Wayfair Inc (NYSE: W) can no longer be justified after Wednesday's earnings report showed the COVID-19 pandemic spurred "extraordinary demand" that wouldn't have otherwise existed, according to Barclays.The Wayfair Analyst: Adrienne Yih upgraded Wayfair from Underweight to Equal Weight with a price target lifted from $153 to $321.The Wayfair Thesis: The case against Wayfair's stock no longer applies, as Wayfair should continue showing sales acceleration, a sustainable path to profitability and improving free cash flow trends, Yih said in the Thursday upgrade note.The reason for these trends is directly traceable to the pandemic, as more consumers are suddenly in need of home improvements and furniture upgrades, the analyst said. Wayfair deserves credit for leveraging its competitive advantages in data analytics and solidifying itself as a first mover to address digital demand for home products, she said. A longer-term trend of households moving away from densely populated urban regions to suburbs represents an "even more impactful" trend on which Wayfair can capitalize, Yih said. View more earnings on WLooking forward, the addition of a year's worth of new customers within the most recent quarter makes the likelihood of Wayfair "comping the comp highly probable," the analyst said. Altogether, there is "little reason" for Wayfair's stock multiple to contract moving forward, according to Barclays. In fact, the stock is still trading at a reasonable multiple of around 2x EV/sales on fiscal 2021 estimates.W Price Action: Shares of Wayfair were trading 3.37% higher at $312.05 at last check Thursday.Related Links: Stocks That Hit 52-Week Highs On WednesdayWhat To Know About Wayfair And This Human Trafficking Conspiracy TheoryCourtesy photo. Latest Ratings for W DateFirmActionFromTo Aug 2020Piper SandlerMaintainsOverweight Aug 2020Canaccord GenuityMaintainsBuy Aug 2020Morgan StanleyMaintainsUnderweight View More Analyst Ratings for W View the Latest Analyst Ratings See more from Benzinga * Instagram's 'Uncanny Ability': Tech Analyst Talks Reels, TikTok And Snapchat * Roku's 'Stellar Quarter' Keeps These Analysts Pressing The Buy Button * 4 Twilio Analysts On Cloud Company's Q2 Beat: 'Terrific Story'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Barclays Upgrades Wayfair, Lifts PT After 2Q Sales Beat

    Barclays Upgrades Wayfair, Lifts PT After 2Q Sales Beat

    Barclays upgraded Wayfair to Hold from Sell after the online furniture store exceeded analysts' expectations for second-quarter revenue driven by increased demand for its e-commerce products during the coronavirus pandemic.Wayfair (W) posted earnings of $3.13 per share in the second quarter topping Street estimates for $1.04 per share. Total revenue rose 84% to $4.3 billion in the reported quarter year-on-year, beating the $4.06 billion forecast by analysts.Barclays' Tennant raised the stock's price target to $321 (6.5% upside potential) from $153. In a research note, the analyst said said that “Wayfair's model includes continued sales acceleration, visibility on a sustained path to profitability, and "materially improved" cash flow resulting from COVID-19-driven trends in home.”Meanwhile, Oppenheimer analyst Brian Nagel maintained a Buy rating and lifted his price target to $395 (31.1% upside potential) from $200. He stated that his "continued positive call on Wayfair is generally longer term in nature and considers potential nearer-term volatility in shares.”Piper Sandler analyst Peter Keith, who increased the price target to $370 (22.8% upside potential) from $275, believes that Wayfair's "long-term EBITDA margin target of 8%-10% now looks conservative.” Keith maintained a Buy rating.Currently, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy analyst consensus is based on 11 Buys, 9 Holds, and 3 Sells. Following Wayfair's 234% stock rally year-to-date, the average price target of $261.59 implies downside potential of 13%. (See W stock analysis on TipRanks).Related News: Etsy Crushes 2Q Revenue Expectations; Roth Raises Stock To Buy Roku Tops 2Q Estimates But Cautions About Ad Outlook Zynga Rises On Record 2Q Revenues Fueled By Digital Gaming Demand More recent articles from Smarter Analyst: * Live Nation 2Q Loss Widens; Shares Decline * Bausch Health To Spin Off Eye Care Business; Shares Surge 18% * WDC Sinks 11% In Pre-Market On Earnings Outlook Miss * Wix Plunging 10% As Earnings Fall Far Below Expectations