Warby Parker price target raised to $27 at Loop Capital on improving demand

Loop Capital raised the firm’s price target on Warby Parker (WRBY) to $27 from $19 and keeps a Hold rating on the shares. The firm’s proprietary eye exam availability tracker for Warby Parker that checks the number of appointments available across a sizable percentage of the company’s store base indicated demand improved sequentially from Q3 as well as from Q4 of last year, the analyst tells investors in a research note. Loop adds however that its Hold rating reflects the stock’s valuation levels.