Wall Street is positive on Wayfair Inc (W). On average, analysts give Wayfair Inc a Hold rating. The average price target is $107.227, which means analysts expect the stock to increase by 123.02% over the next twelve months.
That average ranking earns Wayfair Inc an Analyst Rating of 4, which is better than 4% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating W a Hold today. Find out what this means to you and get the rest of the rankings on W!
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Wayfair Inc Stock Today?
Wayfair Inc (W) stock is trading at $48.08 as of 3:26 PM on Wednesday, Jun 29, a drop of -$2.25, or -4.47% from the previous closing price of $50.33. The stock has traded between $47.59 and $50.10 so far today. Volume today is less active than usual. So far 2,317,038 shares have traded compared to average volume of 3,800,394 shares.
Click Here to get the full Stock Report for Wayfair Inc stock.