Unveiling Wayfair’s $1.4B Efficiency Plan: Can New Cost-Cutting Strategies Pave The Way For Long-Term Gains?

Oppenheimer analyst Brian Nagel reiterated an Outperform rating on the shares of Wayfair Inc (NYSE:W) and raised the price target from $70 to $100.

The analyst raised Q3 adjusted EBITDA forecast to $41.8 million (from $15.8 million) and introduced an initial 2025 adjusted EBITDA estimate of $700 million.