Wayfair Stock Upgraded on Recovery Potential

Group 1 - Evercore ISI upgraded Wayfair Inc (NYSE:W) stock to "outperform" from "in line" and raised its price target to $80 from $65, indicating confidence in the company's potential to gain market share as the home furnishing sector recovers [1] - Wayfair's stock is currently trading at $64.83, reflecting a 3.9% increase, and has risen over 88% in the last 12 months, suggesting strong performance [1] - The stock has faced resistance at the $72 level since September, and the 20-day moving average has been guiding shares higher, indicating a potential upward trend [1] Group 2 - Analysts remain cautious, with 13 out of 30 maintaining a "hold" rating, suggesting there is room for more bullish sentiment [1] - A significant portion of the stock, 24.9%, is sold short, which could lead to a short squeeze if the stock continues to rise, as it would take over a week for short sellers to cover their positions at the current trading pace [1] - The options market shows a bullish sentiment with a 10-day call/put volume ratio of 2.97, indicating strong demand for call options compared to puts [2] Group 3 - The current low volatility expectations in the options market, as indicated by a Schaeffer's Volatility Index (SVI) rating of 61%, suggest that premium players are anticipating stable price movements [2]