How should investors evaluate Wayfair Inc (NYSE:W)?

Stocks of Wayfair Inc (NYSE:W) traded higher last session on Wall Street, up 0.32% to $46.32.

According to the data, Wayfair Inc (NYSE:W) has 36 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $42.00, we find $68.00. Given the previous closing price of $46.17, this indicates a potential upside of 47.28 percent. W stock price is now -18.76% away from the 50-day moving average and -11.56% away from the 200-day moving average. The market capitalization of the company currently stands at $5.46B.

A total of 19 analysts have issued a hold rating and 17 have given it a buy rating. Brokers who have rated the stock have averaged $67.00 as their price target over the next twelve months.

With the price target of $51, Stifel recently initiated with Hold rating for Wayfair Inc (NYSE: W).

In other news, Blotner Jon, Chief Commercial Officer sold 3,628 shares of the company’s stock on Nov 06. The stock was sold for $181,400 at an average price of $50.00. Upon completion of the transaction, the Chief Commercial Officer now directly owns 24,417 shares in the company, valued at $1.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, Director Schaferkordt Anke sold 616 shares of the business’s stock. A total of $29,044 was realized by selling the stock at an average price of $47.15. This leaves the insider owning 8,659 shares of the company worth $0.4 million. Insiders disposed of 246,211 shares of company stock worth roughly $11.4 million over the past 1 year. A total of 29.46% of the company’s stock is owned by insiders.

Tuesday’s opening bell rang with an opening price of $46.29 for Wayfair Inc (NYSE: W). During the past 12 months, Wayfair Inc has had a low of $28.70 and a high of $90.71. The fifty day moving average price for W is $57.01 and a two-hundred day moving average price translates $52.37 for the stock.

The latest earnings results from Wayfair Inc (NYSE: W) was released for Sep, 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 -$2.67 EPS in the same period last year. The company reported revenue of $2.94 billion for the quarter, compared to $2.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.66 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.

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