Wayfair surges on double (JP Morgan) upgrade – 'tides have turned positive'
BARRON’S reports: Wayfair W +24.42% shares soared Monday after landing a double upgrade from a J.P. Morgan JPM +0.50% analyst arguing that “tides ...
SEEKING ALPHA reports:
– Wayfair (NYSE:W) fell sharply in early trading after Q4 results trailed expectations.
– Revenue fell 11% during the quarter for Wayfair (W) compared to the tough pandemic comparable from a year ago and a non-GAAP adjusted EBITDA loss of $4M was recorded.
– Active customers were down 12.5% from a year ago to 27.3M and orders per customer fell to 1.89 from 1.96. The average order size increased to $269 from $223…
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