Wayfair Inc (NYSE:W) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 12, 2016
Zacks Investment Research has upgraded Wayfair Inc (NYSE:W) to Hold in a report released on 10/12/2016.
Yesterday Wayfair Inc (NYSE:W) traded 1.38% higher at $36.69. The company’s 50-day moving average is $39.58 and its 200-day moving average is $40.10. The last closing price is down -8.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 466,441 shares of the stock traded hands, down from an average trading volume of 1,380,210
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Wayfair Inc has a 52 week low of $28.85 and a 52 week high of $50.00 The company’s market cap is currently $0.
Also covering Wayfair Inc's price target, a total of 13 brokerages have released a research note on Wayfair Inc. The 12-month stock price target is $54.08 with 0 firms rating the stock a strong buy, 0 firms rating the company a buy, zero brokerages rating the stock a hold, zero analysts rating the company a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Wayfair Inc (NYSE:W)
Wayfair Inc. (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties. The Company offers its suppliers a real-time view of its demand and inventory needs via data and analytics. The Company's Wayfair.com is its mass-market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Company's online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a destination for home designs. Wayfair also focuses on retail partners. Wayfair Media Solutions helps manufacturers, retailers and other advertisers market to its consumer audience.
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