On Nov 05, major Wall Street analysts update their ratings for $Wayfair (W.US)$, with price targets ranging from $45 to $72.
Morgan Stanley analyst Simeon Gutman maintains with a buy rating, and adjusts the target price from $90 to $72.
Citi analyst Ygal Arounian maintains with a buy rating, and adjusts the target price from $70 to $54.
Deutsche Bank analyst Lee Horowitz maintains with a buy rating, and adjusts the target price from $70 to $46.
Evercore analyst Oliver Wintermantel maintains with a buy rating, and adjusts the target price from $65 to $60.
BMO Capital analyst Brian Pitz maintains with a hold rating, and adjusts the target price from $58 to $50.
Furthermore, according to the comprehensive report, the opinions of $Wayfair (W.US)$'s main analysts recently are as follows:
Wayfair's Q3 results demonstrate the company's capacity to expand market share and maintain cash flow amidst anticipation for a resurgence in industry demand. The company is positioned to counter the notion that increased promotions would lead to gross margin compression by leveraging its relationship with suppliers.
Wayfair's recent financial results presented a mixed picture, with the third quarter performance surpassing expectations, although the fourth quarter forecast suggests more daunting challenges ahead. The overall economic backdrop continues to cast a significant shadow over Wayfair's sector, curbing its growth prospects. Despite the prevailing market conditions, there is an anticipation of the stock trading around these macro influences, with a positive long-term outlook remaining intact.
Interest rates' eventual decrease is anticipated to positively influence home-related sales. Though it's hoped that recent rate reductions are the beginning of a series, there was a note that third-quarter sales dipped 3%, surpassing the projected 1% fall. It's expected that Wayfair will prudently control its overhead expenses while awaiting a market rebound.
The firm adopts a more cautious stance as consumer response to promotions has been tepid leading up to the election. Additionally, the company's ongoing initiatives to manage its take-rate are expected to keep gross margins around the low 30% threshold through the first half of FY25. Despite this, Wayfair's strategies to stimulate demand appear to be contributing to market share gains. Moreover, enhancements to the Loyalty program are anticipated to boost the frequency of customer purchases to 3 to 8 times annually.
The most recent quarterly results for Wayfair were generally on par regarding revenue and adjusted EBITDA, but the guidance for Q4 suggested a potential decline in performance towards the end of the quarter. A more favorable outlook on the company might emerge with evidence of an enhanced overall market for their category and tangible benefits from recent efforts, such as the introduction of a new loyalty scheme and the establishment of a brick-and-mortar retail location.
Here are the latest investment ratings and price targets for $Wayfair (W.US)$ from 12 analysts:
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美东时间11月5日，多家华尔街大行更新了$Wayfair (W.US)$的评级，目标价介于45美元至72美元。
摩根士丹利分析师Simeon Gutman维持买入评级，并将目标价从90美元下调至72美元。
花旗分析师Ygal Arounian维持买入评级，并将目标价从70美元下调至54美元。
德意志银行分析师Lee Horowitz维持买入评级，并将目标价从70美元下调至46美元。
Evercore分析师Oliver Wintermantel维持买入评级，并将目标价从65美元下调至60美元。
BMO资本市场分析师Brian Pitz维持持有评级，并将目标价从58美元下调至50美元。
此外，综合报道，$Wayfair (W.US)$近期主要分析师观点如下：
Wayfair的第三季度业绩表明该公司有能力扩大市场份额，并在行业需求复苏之际保持现金流。该公司有望通过利用与供应商的关系来抵消促销活动增加将导致毛利率压缩的观念。
Wayfair最近的财务业绩呈现出喜忧参半的情况，第三季度表现超出预期，尽管第四季度预测暗示着更多艰巨挑战。整体经济背景继续在Wayfair的行业板块上投下重要阴影，抑制了其增长前景。尽管市场条件仍然存在，但预计股票将围绕这些宏观影响交易，长期前景仍然保持乐观。
利率期货可能下降，预计会对与家庭相关的销售产生积极影响。尽管希望最近的利率降低是系列行动的开端，但有消息称第三季度销售下降了3%，超过了预计的1%下跌。预计Wayfair将在等待市场反弹的过程中谨慎控制其间接费用。
该公司采取更为谨慎的立场，因为消费者对促销活动的反应在选举前逐渐趋于冷淡。此外，公司正在进行的旨在管理其收入份额的举措，预计将使毛利率保持在低30%的门槛水平上，持续到FY25财年上半年。尽管如此，Wayfair刺激需求的策略似乎有助于增加市场份额。此外，对忠诚计划的改进预计将提升客户购买频率，使其每年购买3至8次。
Wayfair最近季度业绩在营业收入和调整后的息税折旧及摊销前利润方面大致持平，但第四季度的指引表明业绩可能在本季度末出现下降。如果有证据表明改善了整体市场类别，并从最近的努力中获得了实际收益，比如推出新的忠诚计划和建立实体零售店，公司的前景可能会更加乐观。
以下为今日12位分析师对$Wayfair (W.US)$的最新投资评级及目标价：
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