Wayfair Analyst Urges Investors To 'Buy The Dip' As Macroeconomic Factors Affect Stock Performance
WWayfair(W) Benzinga·2024-08-02 21:02

Amid the turbulence in the consumer and retail sector, Wayfair Inc. W has been making headlines for its recent dip in stock performance.However, JPMorgan analyst Christopher Horvers is urging investors not to panic but instead “Buy the Dip,” as he emphasizes that the issues facing Wayfair are macroeconomic rather than company-specific.Horvers maintains an Overweight rating on the stock, albeit with a revised price target of $63 by December 2024, down from the previous $80. Here’s why he believes Wayfair’s l ...