BTIG raised the firm’s price target on Warby Parker (WRBY) to $28 from $24 and keeps a Buy rating on the shares. The firm views the company’s fiscal Q2 as a “high-quality beat,” with sales momentum building into the start of Q3. BTIG thinks tariffs have catalyzed structural margin improvement at Warby. It sees catalysts for the shares from the company’s partnership with Target and the upcoming launch of artificial intelligence-powered glasses with Google.
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 WRBY:
- Morning Movers: Apple adds to yesterday’s gains, Trump calls out Intel CEO
- Warby Parker’s Strong Financial Performance and Growth Prospects Amid CFO Transition
- Warby Parker CFO Steve Miller Resigns
- Warby Parker raises FY25 revenue view to $880M-$888M from $869M-$886M
- Warby Parker reports Q2 EPS (1c), consensus 7c