Wayfair W shares were trading higher Friday after Stifel maintained a Buy rating on the stock and raised the price target from $75 to $115.
The strength is also potentially related to increased interest in e-commerce amid the coronavirus pandemic.
Wayfair is an e-commerce company that sells furniture and home goods. Formerly known as CSN Stores, the company was founded in 2002.
Wayfair shares were trading up 16.53% at $122.15 at the time of publication Friday. The stock has a 52-week high of $166.40 and a 52-week low of $21.70.
Related Links:
Wayfair Reports Q4 Earnings Miss
Why Wayfair's Stock Is Trading Lower Today
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