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Loop Capital raised the firm’s price target on Wayfair (W) to $55 from $50 but keeps a Hold rating on the shares. Lower interest rates will eventually flow through to home-related sales, and the firm is raising its sales growth estimate for next year from 1% to 2%, the analyst tells investors in a research note. Wayfair management’s only financial commitment in 2025 is to adjusted EBITDA dollar growth, and Loop believes that Wayfair will also carefully manage its overhead costs as it waits for a recovery. The firm remains cognizant however that Wayfair is funded by debt, and the cost of debt has increased significantly.
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