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W

Wayfair

$69.69 /

+19.02 (+37.54%)

, AMZN

Amazon.com

$1,959.11 /

+53.78 (+2.82%)

12:05
04/06/20
04/06
12:05
04/06/20
12:05

Baird boosts Wayfair target to $73 after positive preannouncement

Baird analyst Colin Sebastian raised the firm's price target on Wayfair to $73 from $67 and keeps an Outperform rating on the shares. The retailer this morning confirmed a surge in demand and likely Q1 outperformance as consumers stay at home, bricks-and-mortar stores close, and online competitors such as Amazon (AMZN) focus on food and other consumable retail categories, Sebastian tells investors in a research note. Further, Wayfair is strengthening its balance sheet with a new $535M convertible senior note, which should help to alleviate recent liquidity concerns, adds the analyst. Sebastian believes Wayfair benefiting significantly from the work-from-home trend and competitor disruptions and keeps an Outperform rating on the shares.

W

Wayfair

$69.69 /

+19.02 (+37.54%)

AMZN

Amazon.com

$1,959.11 /

+53.78 (+2.82%)

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  • 14

    Sep

W Wayfair
$69.69 /

+19.02 (+37.54%)

04/02/20 Loop Capital
Wayfair downgraded to Sell from Hold at Loop Capital
03/26/20 Deutsche Bank
Wayfair price target lowered to $67 from $77 at Deutsche Bank
03/25/20 Gordon Haskett
Wayfair upgraded to Buy following 75% pullback from high at Gordon Haskett
03/25/20 Gordon Haskett
Wayfair upgraded to Buy from Hold at Gordon Haskett
AMZN Amazon.com
$1,959.11 /

+53.78 (+2.82%)

04/06/20 Raymond James
Spotify double downgraded to Market Perform at Raymond James
03/26/20 Deutsche Bank
Amazon.com price target lowered to $2,300 from $2,400 at Deutsche Bank
03/20/20 Oppenheimer
Amazon likely seeing 'record' consumer demand, says Oppenheimer
03/18/20 Baird
FedEx risk/reward very compelling at current levels, says at Baird

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