Wayfair’s stock surged 6.6% after strong Q3 results, hitting $3.117 billion in revenue and $0.70 in EPS. Analysts reacted positively, with Bank of America upgrading to Buy with a $130 price target, and RBC Capital raising its target to $86. CEO appointment and new store plans signaled growth. Stock up 145% YTD.
Wayfair’s shares are volatile, with 46 moves >5% in a year. Market sees recent news as significant but not game-changing. Previous 8.8% gain followed CEO appointment and price target raise. Q3 results showed 8.1% sales increase. New store in Columbus planned. Stock at 52-week high of $112.88.
Investors who bought $1,000 of Wayfair 5 years ago would now have $465.09. Stock up 145% YTD. Microsoft, Alphabet, Coca-Cola, Monster Beverage among top winners. Discover under-the-radar growth stock at center of AI boom. Free analysis available.
Read more at Yahoo Finance: Why Wayfair (W) Stock Is Up Today
