Canaccord Genuity analyst Maria Ripps maintained a Buy rating on Wayfair (NYSE:W) Inc on Tuesday, setting a price target of $350, which is approximately 27.69% above the present share price of $274.11.
Ripps expects Wayfair Inc to post earnings per share (EPS) of $2.89 for the fourth quarter of 2020.
The current consensus among 29 TipRanks analysts is for a Moderate Buy rating of shares in Wayfair, with an average price target of $310.8.
The analysts price targets range from a high of $395 to a low of $180.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $4.3 billion and a net profit of $300 million. The company's market cap is $26.15 billion.
According to TipRanks.com, Canaccord Genuity analyst Maria Ripps is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 48.0% and a 69.44% success rate.
Wayfair, Inc. engages in an online home furnishing store. It offers a selection of home furnishings and decor across all styles and price points. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the Company's five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through products sales in international sites. The company was founded by Steven K. Conine and Niraj S. Shah in May 2002 and is headquartered in Boston, MA.