Urban Outfitters price target raised to $72 from $59 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Urban Outfitters (URBN) to $72 from $59 and keeps a Market Perform rating on the shares. Following a solid finish to FY25, the momentum continued into FY25, with a healthy beat across the board for Q1, the analyst tells investors. The company demonstrated “solid execution” despite the challenging macro environment, but the firm maintains its rating due to shares trading at a 20% premium to its three-year average.