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LivestreamMenuInvestors have yet to fully appreciate Wayfair’s momentum, according to Bernstein. The firm upgraded the online furniture retailer to outperform from market perform. Its $125 price target, up from $100, implies upside of 24% from Thursday’s close. Wayfair shares have been on a tear this month, up 19% in that time, after the company reported better-than-expected results for the second quarter on Aug. 4. That day, the stock shot up 29% — its strongest session since April 6, 2020, when it surged 41%. The company also issued better-than-expected revenue growth guidance for the third quarter. W mountain 2026-08-03 W in August This indicates there are “signs of more durable growth,” wrote analyst Nikhil Devnani. “In a furniture market that is not growing, Wayfair is putting up [high single-digit] revenue growth in the US (led by premium brands, better buyer growth, and stronger order volumes, which we see as sticky).” “We see a disconnect in consensus numbers and the current trajectory of the business. Having recently found more cost discipline, we think revenue beats should flow through to stronger EBITDA growth and margin expansion as well,” he said. Despite Wayfair’s resent outperformance, the stock is only flat for the year. On top of that, analysts are split on the company. Of the 34 who cover it, 20 rate it a buy or strong buy, while the remaining 14 assigned a hold rating, according to LSEG. Wayfair shares gained more than 2% following the upgrade.Read More
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