Wayfair Stock Skyrockets on Blowout Q3 Earnings – Experts Issue Forecasts
Wayfair reported Q3 net revenue of $3.1 billion, up 8.1% year-over-year, and adjusted EPS of $0.70, beating expectations. Adjusted EBITDA rose over 70% to $208 million. Shares surged about 14% in pre-market trading, reaching $99. JPMorgan raised its price target to $105, citing strong U.S. revenue and profitability.