Morgan Stanley analyst Alex Straton lowered the firm’s price target on Warby Parker (WRBY) to $16 from $24 and keeps an Equal Weight rating on the shares. The firm says that a lower-quality Q1 beat and full-year guidance cut underscores its limited conviction in Warby Parker’s near-term beyond financial profile. Alongside potential full year guidance risk and the company’s volatile track record in an increasingly uncertain macro, Morgan Stanley stays on the sidelines.
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Read More on WRBY:
- Warby Parker price target lowered to $22 from $30 at Telsey Advisory
- Warby Parker price target lowered to $20 from $30 at TD Cowen
- Warby Parker Reports Strong Q1 2025 Results
- Warby Parker: Strategic Initiatives and Financial Resilience Underpin Buy Rating
- Warby Parker’s Growth Potential: Strategic Measures and Promising Projections Drive Buy Rating
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