Cowen & Co. analyst John Blackledge maintained a Buy rating on Wayfair (NYSE:W) on Thursday, setting a price target of $370, which is approximately 60.77% above the present share price of $230.14.
Blackledge expects Wayfair to post earnings per share (EPS) of -$0.75 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Hold rating of shares in Wayfair, with an average price target of $276.08.
The analysts price targets range from a high of $370 to a low of $200.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $3.12 billion and a net profit of -$69.8 million. The company's market cap is $24.06 billion.
According to TipRanks.com, Cowen & Co. analyst John Blackledge is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.2% and a 64.08% success rate.
Wayfair Inc . is an e-commerce company which engages in selling furniture and home decor goods worldwide. The company sells its products through wayfair.com and four other branded websites, namely – AllModern, Joss & Main, Birch Lane and Perigold.