tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Warby Parker price target raised to $28 from $22 at Evercore ISI

Evercore ISI raised the firm’s price target on Warby Parker (WRBY) to $28 from $22 and keeps an In Line rating on the shares in the wake of beat and raise Q2 EPS results. The firm notes the company continues to deliver solid fundamental performance, driven by glasses growth, strategic investments in marketing, store fleet expansion, and exams rollout. Warby also raised its FY25 outlook, which was likely conservative given greater tariff uncertainty in May. The company’s tariff mitigation strategy appears to be working as the company diversifies its global supplier mix, selectively raises prices, and closely manages operating expenses, which management suggests have yielded positive results, Evercore says.

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>>

Disclaimer & DisclosureReport an Issue

1