Wayfair (W) PT Lowered to $289 as Baird Expects Weakness to Fall into Q3

July 30, 2021 6:50 AM EDT
Get Alerts W Hot Sheet
Price: $280.12 -1.84%

Rating Summary:
    22 Buy, 18 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 30
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Baird analyst Colin Sebastian lowered the price target on Wayfair (NYSE: W) to $289.00 (from $305.00) while cutting Q2/Q3 estimates following mixed intraquarter data points and more intra quarter data points from Amazon, Pintrest and Overstock.

The analyst reiterated a Neutral rating, stating "while we still expect a sequential ramp into back to school, our revenue estimates are now slightly below consensus."

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Robert W Baird