Stifel Maintains Hold Rating for Wayfair: Here's What You Need To Know

Stifel has decided to maintain its Hold rating of Wayfair W and raise its price target from $52.00 to $55.00.

Shares of Wayfair are trading up 0.01% over the last 24 hours, at $56.40 per share.

A move to $55.00 would account for a 2.47% decrease from the current share price.

About Wayfair

Wayfair engages in e-commerce in the United States (86% of 2022 sales), Canada, the United Kingdom, Germany, and Ireland. At the end of 2022, the firm offered more than 40 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.