Loop Capital Reiterates Buy Rating on Warby Parker Inc. (WRBY)

Loop Capital analyst Anthony Chukumba reiterated a Buy rating and $27.00 price target on Warby Parker Inc. (NYSE: WRBY).

The analyst commented: "While we continue to view last week's Warby Parker/Google smart glasses partnership announcement as a "dream scenario," we think there are many questions remaining to be answered in order to accurately gauge the financial impact. Having said that, based on our "bottom up" framework, we believe smart glasses could easily provide a high-single-digit percentage tailwind to Warby Parker's 2027 EBITDA—and think our unit sales assumptions could ultimately prove to be laughably conservative. To be clear, the Google partnership is not a significant component of our Warby Parker investment thesis—we view it simply as a "cherry on the sundae." We reiterate our Buy rating on Warby Parker and $27 price target."

For an analyst ratings summary and ratings history on Warby Parker Inc. click here. For more ratings news on Warby Parker Inc. click here.

Shares of Warby Parker Inc. closed at $19.81 yesterday.

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