Wayfair price target raised to $72 from $60 at BofA

BofA analyst Curtis Nagle raised the firm’s price target on Wayfair (W) to $72 from $60 and keeps a Neutral rating on the shares. The firm said the company had a “strong” Q2 print, with revenue and EBITDA beating consensus estimates, and believes that growing CastleGate penetration should drive sustainable share gains as faster delivery, lower shipping costs, and better customer experience drive order conversions. That said, year-over-year comparisons toughen in Q1 and 1H26, even as the company appears well positioned to capture share, the analyst tells investors in a research note.