Stifel lowered the firm’s price target on Warby Parker (WRBY) to $19 from $22 and keeps a Hold rating on the shares. A late-quarter slowdown in younger consumer engagement drove a topline miss and the continuation into October drove the negative revision to FY25 topline outlook, the analyst tells investors in a research note. The firm added that, at the current premium valuation, it does not believe investors are being adequately compensated for the risk of compression in retail economics.
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Read More on WRBY:
- Warby Parker price target lowered to $24 from $28 at Telsey Advisory
- Warby Parker price target lowered to $27 from $31 at Goldman Sachs
- Warby Parker price target lowered to $20 from $23 at UBS
- Warby Parker price target lowered to $27 from $30 at Baird
- Warby Parker’s Strategic Growth and Operational Efficiency Drive Buy Rating