Jefferies Maintains Hold Rating and $94 PT on Wayfair (W)

Wayfair Inc. (NYSE:W) is one of the high short interest stocks to buy right now. On December 9, Jefferies analyst Jonathan Matuszewski maintained a Hold rating on Wayfair with a $94 price target.

Earlier on December 3, Jefferies downgraded Wayfair to Hold from Buy with the same unchanged price target of $94. The firm cited a slowdown in Wayfair’s holiday shopping season based on web traffic analysis and consumer survey data, indicating a lower propensity for future purchases. Jefferies believes that the stock’s risk/reward profile is now more balanced. Consequently, the upside valuation case for the company has become less certain.

In Q3 2025, Wayfair reported a total net revenue reached $3.1 billion, which marked an 8.1% increase year-over-year, or 9% when excluding the impact of the company’s exit from the German market. US net revenue was $2.7 billion, up 8.6%, while International net revenue was $389 million, up 4.6%. However, the company also reported a net loss of $99 million (diluted loss per share of $0.76), though this improved from the $74 million net loss in the same period in 2024.

The Average order value rose to $317 in Q3, up from $310 in the same quarter last year. Repeat customers placed 80.1% of total orders delivered, up from 79.9% in Q3, representing 7.9 million orders, an increase of 6.8%. Orders placed via a mobile device accounted for 63.0% of total orders delivered. Despite the growth in orders, active customers totaled 21.2 million as of September 30, a decrease of 2.3% year-over-year.

Wayfair Inc. (NYSE:W) engages in the e-commerce business in the US and internationally. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, comprising Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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 NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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