BTIG analyst Janine Stichter raised the firm’s price target on Warby Parker (WRBY) to $30 from $22 and keeps a Buy rating on the shares ahead of its Q4 results. The firm believes that the company’s business momentum has accelerated, and it sees early signs of a replenishment cycle forming, adding another layer to Warby Parker’s share gain story, the analyst tells investors in a research note. BTIG adds that it continues to see untapped market share opportunity and margin expansion for the company driven by fixed cost leverage.
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