William Blair analyst Dylan Carden has maintained their bullish stance on WRBY stock, giving a Buy rating today.
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Dylan Carden has given his Buy rating due to a combination of factors including Warby Parker’s ability to maintain strong gross margins despite facing tariff challenges. The company reported a slight miss in top-line sales but demonstrated resilience with better-than-expected gross margins, aided by strategic price increases and a focus on progressive lenses.
Additionally, Carden highlights the company’s potential for significant growth, with plans to expand its store count from 313 to 900, which could drive a low-teens top-line growth over the next five years. The valuation of Warby Parker’s shares appears attractive at the lower end of their range, and Carden sees potential upside from partnerships with major tech companies like Google and Samsung, which could enhance earnings growth in the medium term.
In another report released today, Telsey Advisory also maintained a Buy rating on the stock with a $28.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WRBY in relation to earlier this year.