Sheryar Siddiq
1 min read
In This Article:
Wayfair Inc. (NYSE:W) is one of the best consumer cyclical stocks to buy. Analysts at TD Cowen began coverage of Wayfair Inc. (NYSE:W) on June 5, assigning a Buy rating along with a $51 price target on the company’s shares. The analysts voiced optimism about the company’s future, citing its standing as a top supplier of SaaS products for healthcare providers.
According to TD Cowen’s research, Wayfair Inc. (NYSE:W) is well-positioned for future growth owing to its emphasis on intricate billing procedures and rising out-of-pocket patient expenses. These elements, according to the analysts, will propel the company’s expansion in the upcoming years.
Much attention was also paid to Wayfair’s first-quarter earnings, with a number of analyst firm’s offering their opinions on the company’s performance and prospects. Needham, which kept its Buy rating but reduced its price target to $40, pointed out that Wayfair’s results came above projections due to enhanced margins and efficient cost control.
Wayfair Inc. (NYSE:W) is an American online retailer that offers furnishings and household goods. The company runs a number of brands, including Joss & Main, Birch Lane, AllModern, and its main Wayfair store.
While we acknowledge the potential of W as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
