Form 4 Wayfair Inc. For: Aug 03 Filed by: Netzer Thomas
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Wayfair (W) multiple doesn't price in set-up, market will be surprised by profit upside - UBS
August 7, 2023 8:32 AM EDTUBS shifted its rating for Wayfair (NYSE: W) to Buy from Neutral, raising the price target to $110 from $72 in a note to clients Monday.
Analyst Atul Maheswari told investors in a note that the e-commerce company's low multiple "does not fully price in its favorable... More
UBS Upgrades Wayfair (W) to Buy; 'low multiple doesn't price in favorable set-up'
August 7, 2023 4:46 AM EDT(Updated - August 7, 2023 7:22 AM EDT)
UBS analyst Atul Maheswari upgraded Wayfair (NYSE: W) from Neutral to Buy with a price target of $110.00 (from $72.00).
The analyst commented, "W's low multiple does not fully price in its favorable intermediate term... More
