Revenue of $3.52 billion and earnings of $0.95 per share topped analyst expectations, while Truist Financial lifted its price target to $135, implying nearly 15% upside potential.
Wayfair shares surged 19% after the company reported stronger-than-expected Q2 2026 results, posting revenue of $3.52 billion and earnings of $0.95 per share (profit allocated to each share). The results beat analyst expectations and were followed by a higher price target from Truist Financial. The new $135 target points to nearly 15% upside potential, reinforcing the market's positive reaction to the quarter.