Fintel reports that on September 8, 2023, Evercore ISI Group maintained coverage of Wayfair Inc - (NYSE:W) with a In-Line recommendation.
Analyst Price Forecast Suggests 30.61% 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 30.61% from its latest reported closing price of 71.15.
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 596 funds or institutions reporting positions in Wayfair Inc -. This is a decrease of 9 owner(s) or 1.49% in the last quarter. Average portfolio weight of all funds dedicated to W is 0.30%, an increase of 39.05%. Total shares owned by institutions increased in the last three months by 3.88% to 118,616K shares. 
The put/call ratio of W is 1.40, 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 337.03% 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.
Additional reading:
- Wayfair Announces Second Quarter 2023 Results Returns to Positive Year-Over-Year Order Growth While Hitting Key Profitability Milestone Q2 Net Revenue of $3.2 billion with 21.8 million Active Customers Q2 results showed further market share gains dri
- AMENDMENT NO. 2
- Wayfair Shares Business Update Steve Oblak to retire in Q1 2024; Jon Blotner to be named Chief Commercial Officer Q2 revenue trend improving, led by growth in orders
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
