Warby Parker price target raised to $33 from $32 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Warby Parker (WRBY) to $33 from $32 and keeps an Outperform rating on the shares. The company reported a “solid” start to FY26 with better-than-expected revenue growth an tighter expense control, more than offsetting greater gross margin deleverage to deliver the bottom line beat in Q1, the analyst tells investors in a research note. The firm added that the topline continued to benefit from growth in both active customers and average revenue per customer, both encouraging signs in a still challenging and dynamic macro consumer environment.