Wayfair price target raised to $90 from $84 at Wells Fargo

Wells Fargo analyst Zachary Fadem raised the firm’s price target on Wayfair (W) to $90 from $84 and keeps an Overweight rating on the shares. While Q3 trends started strong across the board, Sep/Oct slowed, tariff inflation ticked up and hard Q4 compares warrant concern, the firm says. But the group has sold off, price-to-earnings is palatable and early 2026 stimulus a backstop, Wells adds.