Warby Parker price target raised to $30 from $28 at Citizens JMP

Citizens JMP raised the firm’s price target on Warby Parker (WRBY) to $30 from $28 and keeps an Outperform rating on the shares. Warby Parker reported solid Q4 results, with revenue slightly above consensus and adjusted EBITDA largely in line with the Street’s expectations, and guidance for 1Q25 and the full year came in largely as expected as well, the analyst tells investors in a research note. Warby Parker is well-positioned heading into 2025 to continue to grow active customers and revenue per customer, while also expanding margins by at least 100-200 basis points.