why Wayfair Inc [W] is a Good Choice for Investors After New Price Target of $61.67

Wayfair Inc [NYSE: W] slipped around -0.31 points on Wednesday, while shares priced at $42.65 at the close of the session, down -0.72%.

Compared to the average trading volume of 4.35M shares, W reached a trading volume of 5031218 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Wayfair Inc [W]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for W shares is $61.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on W stock is a recommendation set at 2.03. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Wayfair Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 23, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $70 to $65. The new note on the price target was released on October 22, 2024, representing the official price target for Wayfair Inc stock.

The Average True Range (ATR) for Wayfair Inc is set at 2.43, with the Price to Sales ratio for W stock in the period of the last 12 months amounting to 0.44. Price to Free Cash Flow for W in the course of the last twelve months was 56.02 with Quick ratio for the last quarter at 0.79.

How has W stock performed recently?

Wayfair Inc [W] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.14. With this latest performance, W shares dropped by -19.89% in over the last four-week period, additionally sinking by -15.59% over the last 6 months – not to mention a rise of 1.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for W stock in for the last two-week period is set at 30.29, with the RSI for the last a single of trading hit 20.87, and the three-weeks RSI is set at 36.52 for Wayfair Inc [W]. The present Moving Average for the last 50 days of trading for this stock 48.80, while it was recorded at 43.95 for the last single week of trading, and 54.20 for the last 200 days.

Wayfair Inc [W]: Deeper insight into the fundamentals

Wayfair Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.79 and a Current Ratio set at 0.83.

Earnings analysis for Wayfair Inc [W]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for W. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wayfair Inc go to 45.30%.

Insider trade positions for Wayfair Inc [W]

There are presently around $130.37%, or 136.77%% of W stock, in the hands of institutional investors. The top three institutional holders of W stocks are: FMR LLC with ownership of 14.41 million shares, which is approximately 12.0046%. CAPITAL WORLD INVESTORS, holding 12.15 million shares of the stock with an approximate value of $$640.6 million in W stocks shares; and CAPITAL WORLD INVESTORS, currently with $$473.74 million in W stock with ownership which is approximately 7.4869%.