Why Wayfair Stock Surged Today
Shares of Wayfair (NYSE: W) jumped 16.2% on Monday, following bullish analyst remarks.
Truist analyst Naved Khan lifted his rating on Wayfair's stock from hold to buy and boosted his price forecast from $315 to $370. Khan's new estimate represents potential gains to investors of roughly 10% from the stock's current price near $336.
Truist says more gains lie ahead for Wayfair's shareholders. Image source: Getty Images.
Source Fool.com
