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Benzinga
Benzinga
Business
Priya Nigam

SHOCKING: Wayfair analyst raises price target by more than 100 after q2 | Mind Blowing Facts

Wayfair Wayfair Inc
Portland,,Or,,Usa,-,Apr,8,,2020:,Wayfair,Mobile,App

Shares of Wayfair Inc (NYSE:W) traded erratically Tuesday despite upbeat second-quarter revenue results—but one analyst is clearly leaning into the momentum.

  • Needham's Bernie McTernan doubled down on his bullish stance, reiterating a Buy rating and nearly doubling his price target from $40 to $83.
  • Stifel's Mark Kelley was more cautious, maintaining a Hold rating while nudging his price target from $56 to $68, reflecting tempered optimism amid continued volatility.
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