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Fly News Breaks for June 19, 2017
W
Jun 19, 2017 | 08:13 EDT
As previously reported, Maxim analyst Tom Forte downgraded Wayfair to Hold from Buy, stating that he views the current share price as fully reflecting its revenue growth opportunity over the next three years and his expectation that the company can meet the top-end of its long-term adj. EBITDA margin target of 8%-10%. While downgrading the stock based on fundamentals, Forte did note that he believes Wayfair could be a strategic acquisition target.
News For W From the Last 2 Days
W
Apr 24, 2024 | 13:26 EDT
Bullish option flow detected in Wayfair with 10,218 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 81.40%. May-24 60 puts and Sep-24 60 calls are the most active options, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 0.64. Earnings are expected on May 2nd.
W
Apr 24, 2024 | 07:31 EDT
TD Cowen raised the firm's price target on Wayfair to $55 from $50 and keeps a Hold rating on the shares. The firm said they expect the company to report revenue and EBITDA slightly below current consensus estimates when it reports earnings.