Wayfair price target lowered to $50 from $53 at RBC Capital

RBC Capital lowered the firm’s price target on Wayfair (W) to $50 from $53 and keeps a Sector Perform rating on the shares. The company’s results were “good enough”, but the management’s downbeat tone on the consumer and soft Q4 revenue/adjusted EBITDA margin guidance didn’t instill much confidence in a near-term category recovery or 2025 numbers, the analyst tells investors in a research note. The customer value proposition is there, but visibility into category recovery is low, the firm added.