Wells Fargo analyst Zachary Fadem raised the firm’s price target on Wayfair (W) to $84 from $65 and keeps an Overweight rating on the shares. The company’s Q2 results saw accelerating Q2 sales and profit upside, the analyst tells investors in a research note. Despite tariff and macro obstacles, Wayfair’s initiatives are working and its profit levers are sustaining, the firm added.
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Read More on W:
- Wayfair’s Strong Market Position and Growth Potential Justify Buy Rating
- Wayfair’s Mixed Signals: Strong Performance Amid Uncertainties Justifies Hold Rating
- Wayfair’s Strong Q2 Performance and Strategic Initiatives Drive Buy Rating
- Wayfair price target raised to $70 from $50 at Bernstein
- Wayfair price target raised to $82 from $75 at JPMorgan