Jefferies Maintains Hold Rating and $94 PT on Wayfair (W)

Wayfair Inc. (NYSE:W) is one of the high short interest stocks to buy right now. On December 9, Jefferies analyst Jonathan Matuszewski maintained a Hold rating on Wayfair with a $94 price target.

Earlier on December 3, Jefferies downgraded Wayfair to Hold from Buy with the same unchanged price target of $94. The firm cited a slowdown in Wayfair’s holiday shopping season based on web traffic analysis and consumer survey data, indicating a lower propensity for future purchases. Jefferies believes that the stock’s risk/reward profile is now more balanced. Consequently, the upside valuation case for the company has become less certain.

Jefferies Maintains Hold Rating and $94 PT on Wayfair (W)

In Q3 2025, Wayfair reported a total net revenue reached $3.1 billion, which marked an 8.1% increase year-over-year, or 9% when excluding the impact of the company’s exit from the German market. US net revenue was $2.7 billion, up 8.6%, while International net revenue was $389 million, up 4.6%. However, the company also reported a net loss of $99 million (diluted loss per share of $0.76), though this improved from the $74 million net loss in the same period in 2024.

The Average order value rose to $317 in Q3, up from $310 in the same quarter last year. Repeat customers placed 80.1% of total orders delivered, up from 79.9% in Q3, representing 7.9 million orders, an increase of 6.8%. Orders placed via a mobile device accounted for 63.0% of total orders delivered. Despite the growth in orders, active customers totaled 21.2 million as of September 30, a decrease of 2.3% year-over-year.

Wayfair Inc. (NYSE:W) engages in the e-commerce business in the US and internationally. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, comprising Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

While we acknowledge the potential of W to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than W and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.