Core Insights - Wayfair's shares increased by 8.8% following the appointment of Hal Lawton to its board and a price target raise by RBC Capital [1][2] - RBC Capital raised Wayfair's price target from $51 to $86, reflecting confidence in the company's performance after an 8.1% increase in net sales for Q3 [2] - Wayfair plans to open a new smaller-format store in Columbus, Ohio, in late 2026 to explore a different retail model [2] Market Reaction - The stock's volatility is notable, with 45 moves greater than 5% in the past year, indicating that while the market views this news as significant, it does not fundamentally alter the perception of the business [4] - The previous significant stock movement occurred 11 days prior, when JPMorgan raised its price target from $82 to $105, citing positive indicators ahead of Q3 earnings [5] Performance Metrics - Year-to-date, Wayfair's stock has risen by 132%, reaching a new 52-week high at $106.88 per share [6] - An investment of $1,000 in Wayfair shares five years ago would now be valued at $454.17, highlighting the stock's long-term performance challenges [6]

Online home goods company Wayfair reported a jump in third-quarter revenue on Tuesday, as it beat Wall Street estimates on the top and bottom lines.The company said total net revenue increased 8.1% year-over-year.Here's how the company performed in its third quarter, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 70 cents adjusted vs. 43 cents expectedRevenue: $3.12 billion vs. $3.02 billion expectedWayfair shares climbed 10% in premarket trading.For ...