As previously reported, William Blair upgraded Warby Parker (WRBY) to Outperform from Market Perform after the company reported “modest upside” to Q3 sales and management also raised its FY24 sales and adjusted EBITDA targets “modestly.” The firm believes the company is being “hamstrung by the same kind of industry overhang” impacting National Vision (EYE), namely a delay in the broader category repurchase cycle, which it argues makes Warby’s sales acceleration and strong comp “in an even more favorable light.”
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Read More on WRBY:
- Warby Parker upgraded to Outperform from Market Perform at William Blair
- Warby Parker reports Q3 EPS (3c), consensus 5c
- Warby Parker raises FY24 revenue view to $765M-$768M from $757M-$762M
- Warby Parker price target raised to $20 from $18 at BTIG
- Warby Parker upgraded to Buy from Neutral at Goldman Sachs
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