10 Best Consumer Cyclical Stocks to Buy Now

6. Wayfair Inc. (NYSE:W)

Number of Hedge Fund Holders: 43

Wayfair Inc. (NYSE:W) is one of the best consumer cyclical stocks to buy. Analysts at TD Cowen began coverage of Wayfair Inc. (NYSE:W) on June 5, assigning a Buy rating along with a $51 price target on the company’s shares. The analysts voiced optimism about the company’s future, citing its standing as a top supplier of SaaS products for healthcare providers.

According to TD Cowen’s research, Wayfair Inc. (NYSE:W) is well-positioned for future growth owing to its emphasis on intricate billing procedures and rising out-of-pocket patient expenses. These elements, according to the analysts, will propel the company’s expansion in the upcoming years.

Much attention was also paid to Wayfair’s first-quarter earnings, with a number of analyst firm’s offering their opinions on the company’s performance and prospects. Needham, which kept its Buy rating but reduced its price target to $40, pointed out that Wayfair’s results came above projections due to enhanced margins and efficient cost control.

Wayfair Inc. (NYSE:W) is an American online retailer that offers furnishings and household goods. The company runs a number of brands, including Joss & Main, Birch Lane, AllModern, and its main Wayfair store.