There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Wayfair (W – Research Report) and Driven Brands Holdings (DRVN – Research Report) with bullish sentiments.
Wayfair (W)
Piper Sandler analyst Peter Keith maintained a Buy rating on Wayfair today and set a price target of $93.00. The company’s shares closed last Monday at $58.78.
According to TipRanks.com, Keith is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $69.48 average price target, representing a 21.5% upside. In a report issued on January 16, Morgan Stanley also upgraded the stock to Buy with a $80.00 price target.
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Driven Brands Holdings (DRVN)
In a report released today, John Lawrence from Benchmark Co. maintained a Buy rating on Driven Brands Holdings, with a price target of $25.00. The company’s shares closed last Monday at $13.39, close to its 52-week low of $10.61.
According to TipRanks.com, Lawrence is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Driven Brands Holdings with a $19.90 average price target.
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Read More on W:
- Wayfair price target raised to $58 from $52 at TD Cowen
- Wayfair Announces Major Workforce Reduction, Restructuring Costs
- Wayfair price target raised to $57 from $42 at MoffettNathanson
- Unusually active option classes on open January 19th
- Wayfair (NYSE:W) Rallies after Announcing Workforce Cut to Save $280M
