|Bid||59.58 x 800|
|Ask||59.33 x 1000|
|Day's range||59.13 - 63.48|
|52-week range||28.11 - 90.71|
|Beta (5Y monthly)||3.18|
|PE ratio (TTM)||N/A|
|Earnings date||01 Nov 2023 - 06 Nov 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||90.46|
Online furniture retailer Wayfair (NYSE:W)'s shares have been upgraded from Underperform to Market Perform by a team of analysts at Bernstein, led by Nikhil Devnani. This comes in response to the company's upward revenue and profit margin trend, as well as an impressive 84% growth in share value this year alone, according to the report released on Friday.
Stocks were higher in early trading on Friday after experiencing a down week amid the Federal Reserve's September meeting. Alibaba (BABA) shares rose as the Chinese government could be relaxing stock restrictions on foreign ownership of domestic publicly traded companies, according to a report from Bloomberg. Wayfair (W) shares were up after the stock received an upgrade from Bernstein to "market perform" from "underperform," as well as a raised price target to $65 from $60. Snap Inc. (SNAP) shares rose as the social media app has over five million users on its Snapchat+ paid subscription plan. Yahoo Finance Live takes a look at some of the trending tickers of the day. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Investing.com -- U.S. stocks are rebounding, pulled higher by the tech sector, as investors continue to digest the Federal Reserve's message that interest rates will stay higher for longer.