Wayfair (W) Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wayfair in the last twelve months. There are currently 2 sell ratings, 14 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" W shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in W, but not buy additional shares or sell existing shares.
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26 brokerages have issued 12 month price targets for Wayfair's shares. Their W share price forecasts range from $20.00 to $108.00. On average, they anticipate the company's stock price to reach $48.59 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
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Wayfair's stock was trading at $32.89 at the beginning of the year. Since then, W stock has increased by 49.9% and is now trading at $49.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Wayfair Inc. (NYSE:W) announced its earnings results on Thursday, May, 4th. The company reported ($2.50) earnings per share for the quarter, beating analysts' consensus estimates of ($3.14) by $0.64. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.74 billion.

ETFs with the largest weight of Wayfair (NYSE:W) stock in their portfolio include Global X E-Commerce ETF (EBIZ), ProShares Online Retail ETF (ONLN), ProShares Long Online/Short Stores ETF (CLIX), Amplify Online Retail ETF (IBUY), First Trust S-Network Global E-Commerce ETF (ISHP), Hoya Capital Housing ETF (HOMZ), Akros Monthly Payout ETF (MPAY) and Global X Founder-Run Companies ETF (BOSS).

Wayfair updated its second quarter 2023 earnings guidance on Friday, May, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.05 billion-$3.05 billion, compared to the consensus revenue estimate of $3.08 billion.

1,526 employees have rated Wayfair Chief Executive Officer Niraj Shah on Glassdoor.com. Niraj Shah has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wayfair investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Block (SQ), Walt Disney (DIS), PayPal (PYPL), Boeing (BA), Shopify (SHOP) and Micron Technology (MU).

Wayfair trades on the New York Stock Exchange (NYSE) under the ticker symbol "W."

Wayfair's stock is owned by a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (7.77%), Bares Capital Management Inc. (2.02%), Susquehanna International Group LLP (0.00%), Barclays PLC (0.00%), Two Sigma Investments LP (1.17%) and Geode Capital Management LLC (0.95%). Insiders that own company stock include Anke Schaferkordt, Edmond Macri, Fiona Tan, James R Miller, Kate Gulliver, Michael Andrew Kumin, Michael D Fleisher, Michael W Choe, Niraj Shah, Spruce House Partnership Llc, Steve Oblak, Steven Conine and Thomas Netzer.
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Shares of W stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of W stock can currently be purchased for approximately $49.31.

Wayfair (NYSE:W) has a market capitalization of $5.54 billion and generates $12.22 billion in revenue each year. The company earns $-1,331,000,000.00 in net income (profit) each year or ($12.73) on an earnings per share basis.

The company employs 15,745 workers across the globe.

Wayfair's mailing address is 4 COPLEY PLACE 7TH FLOOR, BOSTON MA, 02116. The official website for the company is www.wayfair.com. The company can be reached via phone at (617) 532-6100 or via email at ir@wayfair.com.