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Fly News Breaks for March 2, 2020
W
Mar 2, 2020 | 08:21 EDT
Morgan Stanley analyst Simeon Gutman lowered the firm's price target on Wayfair to $55 from $65 and keeps an Underweight rating on the shares. While the market appears to see less downside due to Wayfair's strategic pivot towards narrowing losses, he sees the opposite, contending that pulling back on ad spending, which has been the company's engine of growth to date, adds risk and is likely to prolong the re-acceleration in revenue growth the market awaits.
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.
