Bank of America Securities analyst Curtis Nagle has reiterated their neutral stance on W stock, giving a Hold rating on March 6.
Curtis Nagle has given his Hold rating due to a combination of factors surrounding Wayfair’s recent strategic adjustments and the broader market environment. The company has completed a significant re-platforming effort, resulting in a reduction of its technology workforce and the closure of its Austin tech center. These actions are part of Wayfair’s strategy to enhance operational efficiencies and focus on high-return initiatives, which management believes will improve EBITDA in the coming years.
However, despite these internal improvements, external challenges remain. The discretionary spending environment is under pressure, particularly in the furnishings sector, with softer trends observed in early 2025. Additionally, macroeconomic uncertainties, including tariffs, contribute to a cautious outlook. While Wayfair’s marketplace structure may mitigate some pressures, the overall growth potential is tempered by these factors. Consequently, Nagle maintains a Hold rating, reflecting a balanced view of the company’s internal progress and external challenges.
In another report released on March 6, Bernstein also maintained a Hold rating on the stock with a $45.00 price target.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of W in relation to earlier this year.