Mizuho Securities analysts started covering Wayfair (NYSE:W), assigning a Buy rating and a $72 price target on the stock. The analysts believe Wayfair is maintaining its competitive position within the challenging home furnishings sector and stands to benefit as macroeconomic pressures subside. Indications of a sustainable return to positive order growth, increased market share, and improving housing trends support his positive outlook.

Wayfair’s management has significantly streamlined operations, cutting nearly $2 billion in annual costs and nearing mid-single-digit EBITDA margin profitability. The analysts suggest the investment community may still be underestimating Wayfair’s enhanced operational efficiency and its capacity to balance profitability with robust revenue growth, making Wayfair his top pick in the Consumer Internet sector.

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