Warby Parker price target raised to $28 from $23 at JMP Securities

JMP Securities analyst Nicholas Jones raised the firm’s price target on Warby Parker (WRBY) to $28 from $23 and keeps an Outperform rating on the shares. While the consumer environment remains challenging, improving consumer confidence toward the end of the year suggests some stabilization, the analyst tells investors in a research note. The firm anticipates increasingly constructive commentary from management moving into 2025, driven by improving industry conditions, and sees upside to numbers as Warby continues to improve its e-commerce operations, expand its holistic vision care offering, and open new storefronts.