Why Wayfair's Stock Is Trading Higher Today

Wayfair W shares are trading higher on Monday after getting multiple price target raises.

Analysts at Piper Sandler (from $100 to $140) and Credit Suisse ($110 to $135) maintained bullish ratings and raised their price targets on the stock.

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 2.5% at $125.66 at time of publication on Monday. The stock has a 52-week high of $166.40 and a 52-week low of $21.70.

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