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Warby Parker price target raised to $25 from $20 at Piper Sandler

Piper Sandler analyst Anna Andreeva raised the firm’s price target on Warby Parker (WRBY) to $25 from $20 and keeps an Overweight rating on the shares. The firm cites last week’s announcement of Google (GOOGL) partnership for AI powered glasses. In Piper’s view, this extends Warby’s TAM with credible backing, which should warrant a more premium multiple.

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