Wayfair Q2 Revenue Hits $2.93B, EBITDA Beats; UBS Lifts Target to $118
W sits 55% above its 52-week low of $55.6.
Summary
Wayfair delivered a strong Q2 with revenue of $2.93B, up 7.4% year-over-year, and active buyers growing to 21.4M. EBITDA came in above estimates, signaling improved profitability. UBS responded by reiterating its Buy rating and nudging its price target to $118 from $115. The company also announced plans for a 95,000 sq ft store in Pittsburgh, set to open in 2027, marking its first physical location in Pennsylvania. This follows a period of active debt management and insider selling, but the earnings beat and analyst endorsement provide a fresh positive catalyst.
At the time of this announcement, W was trading at $86.37 on NYSE in the Trade & Services sector, with a market capitalization of approximately $11.2B. The 52-week trading range was $55.60 to $119.98. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.