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Fly News Breaks for August 7, 2018
W
Aug 7, 2018 | 08:41 EDT
Morgan Stanley analyst Simeon Gutman said he is bullish on Wayfair's potential for revenue growth of about 25% per year in the medium-term, but he is less optimistic than the market on profits as he thinks the company may not break even until 2022. In contrast, the market is pricing in positive adjusted EBITDA by 2020, Gutman noted. Given that he sees the stock trading on top-line growth prospects in the near term, Gutman raised his price target on Wayfair shares to $105 from $75, but he maintains an Equal Weight 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