Needham Cuts Wayfair Price Target By 17%

by Shivani Kumaresan, Benzinga Staff Writer

April 1, 2022 11:21 AM | 1 min read |

Needham analyst Anna Andreeva lowered the price target on Wayfair Inc W to $150 from $180 and maintained a Buy rating on the shares, implying a 37% upside.
The analyst noted that the company's near-term trends remain under pressure amidst a volatile macro backdrop.
Andreeva specified that Wayfair has a 2.4% penetration in its largest market, the U.S., which has a home goods market potential of $460 billion.
Barclays analyst Adrienne Yih downgraded the company from Equal-Weight to Underweight, with a price target of $103, implying a 6% downside.
Price Action: W shares are trading lower by 0.75% at $109.95 on the last check Friday.