Telsey Advisory raised the firm’s price target on Urban Outfitters (URBN) to $56 from $46 and keeps a Market Perform rating on the shares. The company reported a “solid” holiday 2024 season, with double-digit momentum at Anthro and Free People Movement as well as high-single-digit sales growth at FP, the analyst tells investors. Anthro remains strong while Free People Movement and Nuuly continue to gain both momentum and relevance, the firm adds.
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Read More on URBN:
- Urban Outfitters reports ‘record’ holiday sales, net sales increase 10% y/y
- Urban Outfitters price target raised to $60 from $45 at UBS
- Urban Outfitters price target raised to $54 from $46 at JPMorgan
- Urban Outfitters put volume heavy and directionally bearish
- Urban Outfitters call volume above normal and directionally bullish