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Jefferies Keeps Their Buy Rating on Wayfair (W)

Jefferies Keeps Their Buy Rating on Wayfair (W)

In a report released today, Jonathan Matuszewski from Jefferies maintained a Buy rating on Wayfair, with a price target of $74.00. The company's shares closed today at $73.48.
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According to TipRanks, Matuszewski is a 4-star analyst with an average return of 5.4% and a 50.25% success rate. Matuszewski covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Wayfair, and Lowe's.
In addition to Jefferies, Wayfair also received a Buy from William Blair's Phillip Blee in a report issued today. However, on the same day, Wedbush maintained a Hold rating on Wayfair (NYSE: W).
W market cap is currently $8.37B and has a P/E ratio of -22.81.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of W in relation to earlier this year.
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