Advertisement
Canada markets open in 6 hours 22 minutes

  • S&P/TSX

    21,871.96
    +64.59 (+0.30%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CAD/USD

    0.7296
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    83.02
    +0.17 (+0.21%)
     

  • Bitcoin CAD

    91,050.64
    -1.31 (-0.00%)
     

  • CMC Crypto 200

    1,401.41
    -13.35 (-0.94%)
     

  • GOLD FUTURES

    2,316.40
    -30.00 (-1.28%)
     

  • RUSSELL 2000

    1,967.47
    +19.82 (+1.02%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • NASDAQ futures

    17,348.75
    -1.25 (-0.01%)
     

  • VOLATILITY

    16.94
    -1.77 (-9.46%)
     

  • FTSE

    8,023.87
    0.00 (0.00%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6850
    0.0000 (0.00%)
     

Wayfair stock surges after being added to JPMorgan 'analyst focus' list

Yahoo Finance

Yahoo Finance Live's Rachelle Akuffo takes a look at shares of furniture retail brand Wayfair.

Video Transcript

RACHELLE AKUFFO: All right, taking a look at Wayfair's stock. Soaring on news that JPMorgan added the online retailer to its analyst focused list, assigning the stock price target of $63. Now, this comes after the firm gave the company an overweight rating. The Boston-based retailer is anticipated to outgrow other online retailers in the space, given the industry's longer term shift to online retailing, and the company's advantage over the supply chain. Enjoying some gains there and up year to date as well more than 19%.