Truist Reaffirms Buy Rating on Wayfair (W) After Management Meeting

Wayfair Inc. (NYSE:W) ranks among the best performing retail stocks in 2025. Truist Securities reiterated its Buy rating and $120 price target for Wayfair Inc. (NYSE:W) after meeting with company management in New York City on November 21. Analyst Youssef Squali expressed “incrementally positive” views on the company’s forecast, citing Wayfair Inc. (NYSE:W)’s ability to continue market share gains and boost revenue growth in FY2026 “almost irrespective of market dynamics.”

The updates came as Wayfair Inc. (NYSE:W) reported a double-beat on headline estimates, with adjusted EPS of $0.70 rising 220% year-over-year and revenues of $3.1 billion up 8.1%. The company’s orders delivered also increased by more than 5% year-over-year, with new orders having now grown in the mid-single digits for two consecutive periods.

Squali added that Wayfair Inc. (NYSE:W)’s management is committed to preserving and growing margins of contribution and adjusted EBITDA while providing meaningful advantages from its re-platforming efforts, which include increased product velocity.

Wayfair Inc. (NYSE:W) is a global e-commerce company that sells furniture, décor, housewares, and home renovation products under several names, including Wayfair, AllModern, Birch Lane, and Perigold.

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Disclosure: None. This article is originally published at Insider Monkey.