Truist analyst Youssef Squali raised the firm’s price target on Wayfair (W) to $40 from $36 and keeps a Buy rating on the shares. The company’s Q1 results saw “stable” revenue growth and higher bottom line, showing that while the Home Furnishing category remains challenged, Wayfair continues to gain share while improving its unit economics, the analyst tells investors in a research note.
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Read More on W:
- Wayfair price target lowered to $38 from $55 at BMO Capital
- Wayfair price target lowered to $55 from $60 at Raymond James
- Wayfair price target lowered to $35 from $45 at Bernstein
- Wayfair’s Resilience and Growth Potential: A Buy Rating Amid Strategic Initiatives and Market Challenges
- Wayfair’s Solid Q1 Performance Overshadowed by Macroeconomic Uncertainties and Revenue Visibility Concerns
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