Warby Parker price target raised to $16 from $15 at Loop Capital

Loop Capital analyst Anthony Chukumba raised the firm’s price target on Warby Parker to $16 from $15 and keeps a Hold rating on the shares. The firm’s proprietary eye exam availability tracker for Warby Parker checking the number of appointments available across a sizable percentage of the company’s store base suggests that Q2 demand was relatively flat sequentially to from Q1 but improved markedly from Q2 of last year, the analyst tells investors in a research note. The firm is “encouraged” by the tracker results, particularly given that the management forecasted a significant sequential deceleration in Q2 top-line growth, Loop added.