Benzinga | Oct 7, 2020 02:12PM EDT

Why Wayfair's Stock Is Trading Higher Today

Wayfair (NYSE:W) shares are trading higher on Wednesday after Argus Research maintained its Buy rating on the stock and raised its price target from $225 to $360 per share.

Wayfair is an e-commerce company that sells furniture and home-goods. Formerly known as CSN Stores, the company was founded in 2002.

Wayfair shares traded up 4.51% to $309.11 on Wednesday. The stock has a 52-week high of $349.08 and a 52-week low of $21.70.