Warby Parker Inc (NYSE:WRBY) Receives $62.00 Consensus Target Price from Brokerages

Warby Parker Inc (NYSE:WRBY) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $62.88.

WRBY has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Warby Parker in a research note on Monday. They issued a “buy” rating and a $73.00 price objective on the stock. Robert W. Baird initiated coverage on shares of Warby Parker in a research note on Monday. They issued an “outperform” rating and a $68.00 price objective on the stock. Evercore ISI initiated coverage on shares of Warby Parker in a research note on Monday. They issued an “inline” rating and a $54.00 price objective on the stock. They noted that the move was a valuation call. Citigroup initiated coverage on shares of Warby Parker in a research note on Tuesday. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, Loop Capital assumed coverage on shares of Warby Parker in a research note on Monday, October 4th. They issued a “hold” rating and a $51.00 price objective on the stock.

A hedge fund recently bought a new stake in Warby Parker stock. State of Michigan Retirement System acquired a new position in Warby Parker Inc (NYSE:WRBY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 57,238 shares of the company’s stock, valued at approximately $3,036,000.

NYSE WRBY opened at $55.35 on Monday. Warby Parker has a 1-year low of $46.50 and a 1-year high of $59.78.

About Warby Parker

Warby Parker Inc is a direct-to-consumer eyewear brand. Warby Parker Inc is based in NEW YORK.

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Analyst Recommendations for Warby Parker (NYSE:WRBY)

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