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Fly News Breaks for March 2, 2020
W
Mar 2, 2020 | 08:48 EDT
Wedbush analyst Seth Basham lowered the firm's price target on Wayfair to $70 from $85 and keeps a Neutral rating on the shares. The analyst notes that the company reported Q4 results that "underwhelmed" and issued Q1 guidance that fell short of expectations. The company's advertising effectiveness and efficiency has waned, and when combined with declining contribution margin dollars per average customer, this indicates weakening customer unit economics, he contends.
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.
