Loop Capital channel checks sees Warby Parker demand improving

Loop Capital keeps a Hold rating and $16 price target on Warby Parker but notes that the firm’s proprietary eye exam availability tracker gaugind demand based on the number of appointments available across a sizable percentage of the company’s store base suggests that Q3 demand has improved from Q2. Loop Capital is also raising its FY24 revenue view for Warby Parker by $2M to about $763M and its FY25 view by about $3M to $874M.