2022-06-28 07:50:01 W Wayfair
06/28/22 06/2807:50 06/28/2207:50 | Wayfair price target lowered to $60 from $90 at StifelStifel analyst Scott Devitt lowered the firm's price target on Wayfair to $60 from $90 and keeps a Hold rating on the shares. Consumer Internet companies need to exhibit discipline and balance growth versus profits with access to new capital "at a higher cost than arguably anytime in the past 20 years," the team at Stifel said. They believe the best performing stocks in Internet e-commerce in the current environment will be large blue chip companies without a need for external capital, a "small selection" of small-to-mid-sized companies with good growth and no need for external capital, and "eventually" small-to-mid sized companies that may be able to work through current capital constraints. |
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