Jefferies analyst Jonathan Matuszewski upgraded Wayfair (W) to Buy from Hold with a price target of $47, up from $45. The firm is optimistic Wayfair can post EBITDA growth above Street expectations given the company’s “top-tier” market share gains, new paid loyalty program, “compelling” business-to-business traction, and its “underrated” physical retail expansion. Meanwhile, Wayfair trades at a discount to peers despite expected annual EBITDA growth near three-times peers through 2027, the analyst tells investors in a research note. Jefferies sees 40% upside in the stock.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on W:
- Wayfair’s Growth Potential and Market Strength: A Buy Recommendation by Jonathan Matuszewski
- Wayfair’s Growth Amid Rising Costs and Margin Pressures: A Cautious Hold Rating
- Wayfair price target lowered to $43 from $50 at RBC Capital
- Wayfair’s Financial Outlook: Navigating Consumer Confidence and Economic Challenges
- Wayfair’s Earnings Call: Resilience Amid Caution