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Fly News Breaks for August 2, 2019
W
Aug 2, 2019 | 07:52 EDT
Wedbush analyst Seth Basham lowered his price target for Wayfair to $130 from $140 and maintained a Neutral rating after the company guided to a sharp deceleration in third quarter direct retail revenue growth after a relatively slow start to the quarter. In a research note to investors, Basham says Wayfair's guidance "raises a yellow flag" as to whether the slowdownis due to transitory factors such as a mobile app update and tariffs or more long-lasting.
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 | 12:00 EDT
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.
