The Latest Breaking News from Wayfair

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Roughly 90% of S&P 500 companies have released their first-quarter results, among which the majority beat consensus estimates. However, Coinbase (COIN), Wayfair (W), Allbirds (BIRD), Beyond Meat (BYND), and Paysafe (PSFE) reported disappointing first-quarter earnings. So, we think these stocks are best avoided now. Read on.

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Loop Capital has decided to maintain its Sell rating of Wayfair (NYSE:W) and lower its price target from $90.00 to $70.00. Shares of Wayfair are trading down 0.1% over the last 24 hours, at $67.38 per share. A move to $70.00 would account for a 3.89% increase from the current…

Upgrades For Coupang Inc (NYSE:CPNG), JP Morgan upgraded the previous rating of Neutral to Overweight. The stock has a 52-week-high of $46.00 and a 52-week-low of $11.91. At the end of the last trading period, Coupang closed at $11.99.

Within the last quarter, Wayfair (NYSE:W) has observed the following analyst ratings:

Wayfair Inc (NYSE:W) reported a first-quarter FY22 sales decline of 13.9% year-on-year to $2.993 billion, marginally missing the consensus of $3.00 billion. International net revenue fell 31.4% to $0.5 billion, while the U.S. revenue declined 9.9% to $2.5 billion. The number of active customers reached 25.4 million as of March 31, 2022, a…

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