Telsey Advisory raised the firm’s price target on Warby Parker (WRBY) to $26 from $22 and keeps an Outperform rating on the shares. The firm sees Warby Parker as a unique player in the $76B domestic optical market, the analyst tells investors. Additionally, the company is starting to see some encouraging signs of stabilization and its FY24 revenue is expected to grow faster than it did in FY23, the firm adds.
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