Is Wayfair Stock Headed to $225?
Wayfair (NYSE: W) stock has been rallying lately, but at least one Wall Street pro thinks it has more room to rise. On Tuesday, an analyst at Piper Sandler lifted his short-term price target to $225, in an action that helped push the stock up more than 10% in early trading.
The analyst affirmed his positive rating on the stock and pushed his price target up to $225 from $220. Piper Sandler thinks the e-commerce platform's business is still being undervalued on Wall Street.
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Source Fool.com
