BofA raised the firm’s price target on Urban Outfitters (URBN) to $93 from $90 and keeps a Buy rating on the shares. The firm thinks Free People and Anthropologie are “two of the best performing apparel brands in the market,” Nuuly has a strong growth opportunity and the flagship brand is turning, the analyst tells investors after a Q2 beat led by positive sales at all brands. The firm is raising its FY26 and FY27 EPS estimates by 5% and 1%, respectively, to reflect the beat and stronger FY26 gross margin expectations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URBN:
- Urban Outfitters price target raised to $75 from $70 at Wells Fargo
- Urban Outfitters price target raised to $89 from $88 at JPMorgan
- Urban Outfitters: Strong Brand Performance and Strategic Growth Justify Buy Rating
- Urban Outfitters Achieves Record Q2 Sales and Income
- Closing Bell Movers: Nvidia slips 3% despite slight beat on earnings