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Fly News Breaks for August 3, 2018
W
Aug 3, 2018 | 10:41 EDT
Stifel analyst Scott Devitt said Wayfair's Q2 Direct revenue increase of 49% compared to the prior year was "impressive" and ahead of expectations, helped by its first "Way Day" event. He also notes that the company's guidance for Q3 Direct Retail revenue growth of 36%-39% compared to his prior 36% expectation. He sees Wayfair building a defensible position in the large home furnishings category and sees a strong opportunity for long-term growth, but he believes that opportunity is already reflected in the shares. Devitt raised his price target on Wayfair to $115 but keeps a Hold rating on the stock.
News For W From the Last 2 Days
W
Mar 27, 2024 | 17:19 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSRH... To see the rest of the story go to thefly.com. See Story Here