Wayfair (NYSE: W) shares were trading higher Friday after Stifel maintained a Buy rating on the stock and raised the price target from $75 to $115.
The strength is also potentially related to increased interest in e-commerce amid the coronavirus pandemic.
Wayfair is an e-commerce company that sells furniture and home goods. Formerly known as CSN Stores, the company was founded in 2002.
Wayfair shares were trading up 16.53% at $122.15 at the time of publication Friday. The stock has a 52-week high of $166.40 and a 52-week low of $21.70.
Related Links:
Wayfair Reports Q4 Earnings Miss
Why Wayfair's Stock Is Trading Lower Today
Courtesy photo.
Latest Ratings for W
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Apr 2020 | Stifel | Maintains | Buy | |
| Apr 2020 | SunTrust Robinson Humphrey | Maintains | Hold | |
| Apr 2020 | JP Morgan | Downgrades | Neutral | Underweight |
View More Analyst Ratings for W
View the Latest Analyst Ratings
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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