Wayfair price target raised to $110 from $68 at BMO Capital

BMO Capital analyst Brian Pitz raised the firm’s price target on Wayfair (W) to $110 from $68 and keeps a Market Perform rating on the shares. The company reported a “solid” Q3 with 5% growth in Orders Delivered, driving 3% and 28% upside to Revenue and adjusted EBITDA, supporting Wayfair’s highest EBITDA margin levels since the pandemic, the analyst tells investors in a research note.