Oppenheimer analyst Brian Nagel reiterated a Buy rating on Wayfair (NYSE:W) Inc on Wednesday, setting a price target of $200, which is approximately 63.27% above the present share price of $122.5.
Nagel expects Wayfair Inc to post earnings per share (EPS) of -$3.54 for the second quarter of 2020.
The current consensus among 28 TipRanks analysts is for a Moderate Buy rating of shares in Wayfair, with an average price target of $114.88.
The analysts price targets range from a high of $220 to a low of $30.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $2.53 billion and a net profit of -$305.42 million. The company's market cap is $12.65 billion.
According to TipRanks.com, Oppenheimer analyst Brian Nagel is a 5-star analyst with an average return of 12.4% and a 66.8% 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.