Wayfair shares jump 19% after strong Q2 earnings and raised price target to $135

Wayfair's stock surged 19% following its strong Q2 2026 results, with revenues of $3.52 billion and earnings of $0.95 per share, beating analyst expectations. Truist Financial raised the price target to $135, signaling nearly 15% upside potential. The company forecasts high-single-digit revenue growth and a 6-7% adjusted EBITDA margin for Q3, supported by improved free cash flow and disciplined spending. This positive outlook has boosted investor confidence, pushing the stock near its 52-week high.