Wayfair price target raised to $120 from $80 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Wayfair (W) to $120 from $80 and keeps a Neutral rating on the shares. Wayfair reported results well above expectations, with revenue roughly 3% and adjusted EBITDA over 25% ahead of estimates, driven by stronger order volumes and accelerating market share gains, the analyst tells investors in a research note. Management emphasized the benefits of prior tech investments that enhanced mobile growth, marketing innovation, and AI-driven shopping capabilities. The company continues to balance operational efficiency with strategic investments in infrastructure, AI, and customer engagement, supporting a sustained path toward topline growth regardless of broader category recovery timing, Goldman says.