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Wayfair Stock Upgraded on Recovery Potential

10:51am, Thursday, 04'th Apr 2024
Evercore ISI upgraded Wayfair Inc (NYSE:W) stock to "outperform" from "in line" and lifted its price objective to $80 from $65 this morning.
Evercore ISI analysts see “a long runway of growth,” and upgraded Wayfair stock to Outperform from In Line.
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Wayfair Inc. NYSE: W is an e-commerce platform specializing in furniture and home goods. The components of its name, Way and Fair, imply a wide range of products at a fair price.
Top calls today are Wayfair Price Target Hiked, Palantir Cut to Sell, Vornado Upgraded.

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Home decor stocks are rising or set to increase because of their resilient business models and end markets. The business models produce significant cash flows, and end markets are discerning, affluent
W stock's financials are moving in the right direction with growing revenue and expanding margins. The company is gaining significant market share due to consumers shifting towards digital purchases.
Wayfair (W) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made
Wayfair's (W) fourth-quarter 2023 results reflect the positive impact of a growing active customer base. However, lower net revenues per active customer is a concern.
Wayfair Inc. (W) shares jumped Thursday after the online home furnishing retailer posted a lower-than-expected net loss as it cut costs and added customers.
Wayfair's leaders say several recent rounds of layoffs have made the company better and better.  In January, the home goods company laid off 13% of its workforce, affecting 1,650 employees.
The headline numbers for Wayfair (W) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimate
Wayfair (W) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $1.71 per share a year ago.
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