W Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Wayfair's stock price has been under pressure recently, with the Relative Strength Index (RSI) indicating oversold conditions at 32.51. The MACD is also negative, suggesting bearish momentum. However, the stock is approaching a critical support level at $33.75, which could trigger a short-term rebound.
News Sentiment and Event Impact:
The recent announcement of 340 job cuts and the shift to AI and cloud computing has had a mixed impact on the stock. While the market initially reacted positively, with the stock rising 7%, broader macroeconomic challenges and softening consumer demand in home furnishings continue to weigh on the stock.
Analyst Sentiment:
Analysts have mixed opinions on Wayfair's outlook. BofA has lowered the price target to $41, citing cost management challenges, while Morgan Stanley remains optimistic with a $72 target, highlighting potential savings from the workforce reduction.
Fibonacci Levels:
The stock is currently testing the first support level at $33.75. A breakdown below this level could lead to further declines, while a bounce could see resistance at $42.15.
Price Prediction and Recommendation:
Based on the technical indicators and news sentiment, the stock is likely to trade in a range of $34 to $38 next week. The bearish momentum and oversold conditions suggest a potential short-term rebound, but the overall trend remains bearish.
Prediction: $34 - $38
Recommendation: Sell if the stock reaches $38, as the resistance level is likely to hold.
W Similar Chart Price Prediction
The price of W is predicted to go up 40.65%, based on the high correlation periods with CELU. The similarity of these two price pattern on the periods is 97.83%.
W
CELU
Up: 40.65%Similarity: 97.83%
W Revenue Forecast
W EPS Forecast
W FAQs
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W VS S&P500
Different brands in the Wayfair portfolio cater across income and age demographics, offering some resilience in cases of economic cyclicality and uncertainty.
Over the last five years, the company has expanded into untapped markets such as Canada, the United Kingdom, Germany, and Ireland. Additionally, international opportunities could provide location and revenue growth and improved brand awareness.
B2B represents around 10% of sales and targets a $200 billion total addressable market in the U.S. and Europe. This opportunity could grow materially faster than we anticipate.
W Analyst's Forecast
Christopher Horvers
JP Morgan
Buy
2025-03-10
Price Target
$63 → $50
Upside
+49.93%
JPMorgan lowered the firm's price target on Wayfair to $50 from $63 and keeps an Overweight rating on the shares. The company on Friday announced a planned technology workforce reduction impacting 340 employees, the analyst tells investors in a research note. The firm says the decision is very different from the company's prior workforce reductions that were designed to narrow its growth bets, maximize resources, and improve organizational efficiency. JPMorgan notes that while management emphasized the cost reduction was not reactive to the environment, it is watching trends in March and April.
Jonathan Matuszewski
Jefferies
Hold → Strong Buy
2025-03-07
Price Target
$45 → $47
Upside
+34.25%
Steven Shemesh
RBC Capital
Hold
2025-02-24
Price Target
$50 → $43
Upside
+4.19%
