Telsey Advisory analyst Dana Telsey raised the firm’s price target on Warby Parker (WRBY) to $28 from $22 and keeps an Outperform rating on the shares. The company reported a “solid” quarter, with continues momentum evidenced by the seventh consecutive quarter of accelerating active customer growth, the analyst tells investors. The firm continues to see the brand as disruptive in the legacy eyewear retail segment.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WRBY:
- Warby Parker price target raised to $30 from $24 at Baird
- Warby Parker price target raised to $27 from $20 at Goldman Sachs
- Warby Parker downgraded to Market Perform from Outperform at Citizens JMP
- Meta Stock Rises after Buying $3.5B Stake in EssilorLuxottica
- Google Pledges $100 Million for 4% Stake in Gentle Monster to Revive Smart Glass Ambitions