UBS raised the firm’s price target on Wayfair (W) to $135 from $102 and keeps a Buy rating on the shares. Wayfair delivered strong Q3 results that showcased the power of its model, with the quarter was characterized by healthy market share gains and very good flow-through, which drove significant outperformance versus the market’s expectations, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on W: