Wayfair Inc. (NYSE:W) shares traded -5.20% lower at $70.17 on Wall Street last session.
In accordance with the data, 36 analysts cover Wayfair Inc. (NYSE:W). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $139.00 and a low of $55.00, we find $96.00. Given the previous closing price of $74.02, this indicates a potential upside of 29.69 percent. W stock price is now 5.75% away from the 50-day moving average and 51.86% away from the 200-day moving average. The market capitalization of the company currently stands at $7.90B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
It has been rated a hold by 16 analysts and a buy by 17. Brokers who have rated the stock have averaged $91.17 as their price target over the next twelve months.
With the price target enhanced from $72 to $110, UBS Upgraded its rating from Neutral to Buy for Wayfair Inc. (NYSE: W).
In other news, Netzer Thomas, Chief Operating Officer sold 5,000 shares of the company’s stock on Aug 03. The stock was sold for $425,000 at an average price of $85.00. Upon completion of the transaction, the Chief Operating Officer now directly owns 104,379 shares in the company, valued at $7.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02, Director Schaferkordt Anke sold 679 shares of the business’s stock. A total of $49,633 was realized by selling the stock at an average price of $73.10. This leaves the insider owning 9,286 shares of the company worth $0.65 million. Insiders disposed of 231,519 shares of company stock worth roughly $16.25 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in W stock. A new stake in Wayfair Inc. shares was purchased by DAVIDSON KEMPNER PARTNERS during the first quarter worth $52,581,000. RENAISSANCE TECHNOLOGIES LLC invested $38,299,000 in shares of W during the first quarter. In the first quarter, TUDOR INVESTMENT CORP ET AL acquired a new stake in Wayfair Inc. valued at approximately $15,501,000. AMERICAN CENTURY COMPANIES INC acquired a new stake in W for approximately $14,518,000. MANE GLOBAL CAPITAL MANAGEMENT LP purchased a new stake in W valued at around $11,192,000 in the second quarter. In total, there are 401 active investors with 114.19% ownership of the company’s stock.
Wayfair Inc. (NYSE: W) opened at $74.25 on Thursday. During the past 12 months, Wayfair Inc. has had a low of $28.11 and a high of $90.71. The fifty day moving average price for W is $66.77 and a two-hundred day moving average price translates $46.38 for the stock.
The latest earnings results from Wayfair Inc. (NYSE: W) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at $0.21, beating analysts’ expectations of -$0.74 by 0.95. This compares to -$3.60 EPS in the same period last year. The net profit margin was -8.70% and return on equity was 39.90% for W. The company reported revenue of $3.17 billion for the quarter, compared to $3.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.44 percent. For the current quarter, analysts expect W to generate $2.98B in revenue.
Wayfair Inc.(W) Company Profile
Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately fourty million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional. The company was founded in 2002 and is headquartered in Boston, Massachusetts.
