Fintel reports that on September 22, 2023, Bernstein upgraded their outlook for Wayfair Inc – (NYSE:W) from Underperform to Market Perform.
Analyst Price Forecast Suggests 53.53% Upside
As of August 31, 2023, the average one-year price target for Wayfair Inc – is 92.93. The forecasts range from a low of 55.55 to a high of $123.90. The average price target represents an increase of 53.53% from its latest reported closing price of 60.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Wayfair Inc – is 12,427MM, an increase of 4.55%. The projected annual non-GAAP EPS is -4.65.
What is the Fund Sentiment?
There are 600 funds or institutions reporting positions in Wayfair Inc -. This is a decrease of 4 owner(s) or 0.66% in the last quarter. Average portfolio weight of all funds dedicated to W is 0.30%, an increase of 38.20%. Total shares owned by institutions increased in the last three months by 3.97% to 118,716K shares. The put/call ratio of W is 1.43, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 10,684K shares representing 9.21% ownership of the company. In it’s prior filing, the firm reported owning 10,682K shares, representing an increase of 0.02%. The firm increased its portfolio allocation in W by 76.19% over the last quarter.
Baillie Gifford holds 7,851K shares representing 6.77% ownership of the company. In it’s prior filing, the firm reported owning 8,586K shares, representing a decrease of 9.35%. The firm increased its portfolio allocation in W by 63.10% over the last quarter.
AGTHX – GROWTH FUND OF AMERICA holds 6,962K shares representing 6.00% ownership of the company. No change in the last quarter.
Prescott General Partners holds 3,823K shares representing 3.30% ownership of the company. No change in the last quarter.
Spruce House Investment Management holds 3,650K shares representing 3.15% ownership of the company. No change in the last quarter.
Wayfair Background Information
(This description is provided by the company.)
Wayfair believes everyone should live in a home they love. Through technology and innovation, Wayfair makes it possible for shoppers to quickly and easily find exactly what they want from a selection of more than 22 million items across home furnishings, décor, home improvement, housewares and more. Committed to delighting its customers every step of the way, Wayfair is reinventing the way people shop for their homes – from product discovery to final delivery.
This article originally appeared on Fintel
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
