Wayfair (NYSE:W) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says

Wayfair (NYSE:W) had its target price lifted by equities research analysts at BNP Paribas Exane from $108.00 to $134.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. BNP Paribas Exane‘s target price would indicate a potential upside of 19.53% from the company’s current price.

Other research analysts also recently issued research reports about the company. Piper Sandler boosted their price target on Wayfair from $133.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Wedbush increased their price objective on shares of Wayfair from $125.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Research raised shares of Wayfair from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Citigroup boosted their target price on shares of Wayfair from $95.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley restated an “overweight” rating on shares of Wayfair in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.30.

Wayfair Trading Down 9.3%

NYSE W traded down $11.45 during midday trading on Thursday, hitting $112.11. The company had a trading volume of 1,317,466 shares, compared to its average volume of 3,372,705. The company has a market capitalization of $14.80 billion, a PE ratio of -45.76, a P/E/G ratio of 3.84 and a beta of 3.10. The firm has a 50-day moving average price of $105.55 and a 200-day moving average price of $89.17. Wayfair has a twelve month low of $55.60 and a twelve month high of $127.99.

Wayfair (NYSE:W) last released its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.38 billion. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. On average, equities analysts anticipate that Wayfair will post 0.97 EPS for the current year.

Insider Activity at Wayfair

In other news, CEO Niraj Shah sold 117,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $111.25, for a total transaction of $13,016,250.00. Following the transaction, the chief executive officer directly owned 105,137 shares of the company’s stock, valued at approximately $11,696,491.25. This trade represents a 52.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 500 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the insider owned 115,385 shares in the company, valued at $13,846,200. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 677,070 shares of company stock worth $72,236,934. 18.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wayfair

A number of institutional investors and hedge funds have recently bought and sold shares of W. Atreides Management LP grew its holdings in shares of Wayfair by 64.3% in the first quarter. Atreides Management LP now owns 1,430,997 shares of the company’s stock valued at $107,625,000 after purchasing an additional 560,133 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Wayfair by 46.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company’s stock worth $77,923,000 after buying an additional 328,358 shares in the last quarter. Janus Henderson Group PLC raised its stake in Wayfair by 8.3% during the first quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company’s stock worth $290,813,000 after acquiring an additional 296,233 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Wayfair by 42.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock valued at $75,654,000 after purchasing an additional 242,791 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in Wayfair during the second quarter valued at about $16,362,000. 89.67% of the stock is owned by institutional investors.

Key Headlines Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair beat Q3 expectations with adjusted earnings of $0.93 per share and revenue of $3.42 billion, up 9.7% year over year. U.S. revenue climbed 11.4%, helping the company post its strongest growth since the pandemic and gain share in a sluggish home-furnishings market. Wayfair Q3 results
• Positive Sentiment: Management forecast high-single-digit revenue growth in Q4 and a 6%–7% adjusted EBITDA margin, supporting expectations for continued growth and improved profitability. The company also pointed to customer engagement, loyalty programs, AI initiatives and store expansion as growth drivers. Q4 outlook
• Positive Sentiment: Analyst actions added support: Wells Fargo raised its target to $140 and maintained an Overweight rating; Needham lifted its target to $145 and maintained Buy. Zacks Research upgraded W to Strong Buy, while Gordon Haskett also moved to Buy with a $160 target. Wells Fargo rating
• Neutral Sentiment: The strong operating results and analyst optimism come after a substantial share-price run, which could leave W vulnerable to profit-taking or elevated expectations.
• Negative Sentiment: International revenue declined 2.3% year over year, contrasting with U.S. growth and indicating that the recovery remains uneven across markets. Wayfair Q3 results

About Wayfair

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.