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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Stifel: Wayfair reported net revenue of $3.27 billion, surpassing Street expectations of $3.13 billion, Kelley said. This marked the strongest growth in net revenue since 2021 and was driven by accelerating growth in the U.S.
Management guided to …