Morning Movers Gapping up $Zeta Global(ZETA.US)$The stock increased by 5% after Morgan Stanley upgraded the software firm to an overweight rating from equal-weight, anticipating positive revisions to valuation and estimates due to near-term catalysts and a "strong track record" of prudent guidance. $Wayfair(W.US)$The home-focused e-commerce retailer's shares climbed nearly 5% following an upgrade to outperform from in line by ...
Gutman maintains a bullish stance on Wayfair due to its cost discipline and growth potential in a recovery. Despite the market favoring home-oriented stocks, Wayfair isn't reaping the same benefits. Analysts and Seeking Alpha authors recommend buying Wayfair stock, while Seeking Alpha's Quant Rating suggests holding.
CEO Niraj Shah is optimistic about the company's future, stating the hardest work is behind them and they are moving forward adroitly. He also mentioned their market share has grown to record highs and believes the best is yet to come.
Griffin's upgrade of Wayfair shows his faith in the company's growth and the furniture industry's recovery. He also sees Wayfair's cost-cutting measures as a path to significant EBITDA growth, despite a potentially rocky demand recovery for home furnishings.
1. Twitch: 35% of workforce 2. Hasbro: 20% of workforce 3. Spotify: 17% of workforce 4. Levi's: 15% of workforce 5. Zerox: 15% of workforce 6. Qualtrics: 14% of workforce 7. Wayfair: 13% of workforce 8. Duolingo: 10% of workforce 9. Washington Post: 10% of workforce 10. eBay: 9% of workforce 11. Business Insider: 8% of workforce 12. Charles Schwab: 6% of workforce 13. Blackrock: 3% of workforce 14. Citigroup: 20,000 employees 15. Pixar: 1,300 employees In 202...
The decision to lay off remote workers and encourage in-office work reflects a broader debate about remote work's impact on collaboration and productivity. The layoffs could potentially affect Wayfair's stock performance and investor sentiment.
Recent insider selling at Wayfair, at current share price, raises caution. Lack of insider buying over the past year adds to concern. High insider ownership could indicate company's interest in all shareholders.
Wayfair's workforce reduction is a strategic move to boost its adjusted Ebitda roadmap and maximize free cash flow. However, revenue shortfall and addition to 'zombie' stocks list indicate potential challenges.
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