Wayfair Climbs to Record as E-Retailer's Results Rack Up a Win
- The quarter shows ‘another step foward,’ Oppenheimer said
- D.A. Davidson sees shares fueled by shorts exiting positions
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Wayfair Inc. shares jumped to their highest since the 2014 initial public offering as fourth-quarter sales soared more than 40 percent and results beat the Street’s expectations after a banner holiday season.
"W delivers a W in the fourth quarter," Oppenheimer analyst Brian Nagel wrote. "As the Wayfair model continues to take shape, we expect more traditional consumer-type money to flow into these shares."