UPDATE: Jefferies Downgrades Wayfair (W) to Hold

October 13, 2021 3:59 AM EDT
Get Alerts W Hot Sheet
Price: $236.47 -3.02%

Rating Summary:
    22 Buy, 17 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 18 | New: 32
Trade Now! 
Join SI Premium – FREE
(Updated - October 13, 2021 4:26 AM EDT)

Jefferies analyst Jonathan Matuszewski downgraded Wayfair (NYSE: W) from Buy to Hold with a price target of $225.00 (from $330.00).

The analyst comments "3Q web traffic ended weak & 4Q started slow. Against a backdrop of supply chain disarray, 2H Street estimates are too high. Population demographics & suburban migration will fuel category growth, but we see a tactical opportunity for investors to avoid an 'airpocket' where demand falls shy of high expectations and rising costs mute profits. Shares are >30% off highs, but soft data isn't priced in yet. Downgrade to Hold."

For an analyst ratings summary and ratings history on Wayfair click here. For more ratings news on Wayfair click here.

Shares of Wayfair closed at $234.27 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change, Downgrades

Related Entities

Jefferies & Co