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的第三季度业绩展示了公司扩大市场份额和保持现金流能力的能力，在行业需求复苏预期中。该公司凭借与供应商的关系，有能力应对促销增加将导致毛利率下降的观念。
Wayfair最近的财务业绩呈现了一个复杂的图景，第三季度表现超出预期，尽管第四季度的预测表明面临更多艰巨挑战。整体经济背景继续在Wayfair的板块上投下重大阴影，抑制了其增长前景。尽管市场条件持续存在，但人们预计股价将在这些宏观影响周围交易，且长期前景仍然保持良好。
利率期货的最终下降预计将对与住房相关的销售产生积极影响。尽管希望最近的利率降低只是系列举措的开始，但第三季度销售下降了3%，超过预计的1%下降。预计Wayfair将在等待市场反弹的同时谨慎控制其一般开支。
由于消费者对促销的反应在选举前已经有所降温，该公司采取了更谨慎的立场。此外，预计公司正在进行的措施控制其收费比率，将使毛利率保持在低30%的水平，直至FY25年上半年结束。尽管如此，Wayfair刺激需求的战略似乎有助于市场份额的增长。此外，对忠诚计划的改进预计将提高顾客每年的购买频次至3至8次。
Wayfair最近的季度业绩在营业收入和调整后的EBITDA方面基本持平，但第四季度的预测表明季度末可能出现业绩下滑。随着对该类别整体市场的增强和最近努力的实际效益的证据出现，公司可能会出现更有利的前景，例如推出新的忠诚计划和建立实体零售店。
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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