Wayfair Is a Screaming Buy With 33% Upside, According to an Analyst
The Wayfair (NYSE: W) bulls are on the loose following the unveiling of the furniture e-tailer's latest quarterly results. One of them is John Blackledge, an analyst at Cowen (NASDAQ: COWN), who lifted his price target today to $360 from the previous $350 while reiterating his outperform (buy) recommendation on the shares.
That shows a lot of confidence in the company; Blackledge's new price target is 33% above Wayfair's most recent closing share price.
Image source: Wayfair.
Source Fool.com