Wayfair stock jumps 30% after strong Q2 earnings and Bernstein upgrade to Outperform.

Wayfair reported strong Q2 2026 results with $3.52 billion in revenue and $0.95 EPS, beating analyst expectations. Bernstein upgraded the stock to 'Outperform' with a $125 price target, citing robust U.S. demand and customer growth. Despite high short interest, historical trends suggest potential for further stock gains. The positive earnings and upgrade led to a 30% surge in Wayfair's stock price, signaling strong investor confidence.