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Warby Parker’s Google partnership a ‘dream scenario’ says Loop Capital

Loop Capital keeps a Buy rating and $27 price target on Warby Parker (WRBY) while calling the company’s Google (GOOGL) smartglasses partnership a “dream scenario”. The firm is “ecstatic” that Warby Parker will be able to fund smartglasses development on “someone else’s dime” and expects smartglasses growth to be exponential over the next few years, the analyst tells investors in a research note. Google’s $75M investment is also a significant vote of confidence in Warby Parker’s long-term growth prospects, Loop added.

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