9 analysts have expressed a variety of opinions on Warby Parker (NYSE:WRBY) over the past quarter, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 2 | 5 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $21.67, along with a high estimate of $26.00 and a low estimate of $18.00. This upward trend is evident, with the current average reflecting a 16.07% increase from the previous average price target of $18.67.
Investigating Analyst Ratings: An Elaborate Study
A comprehensive examination of how financial experts perceive Warby Parker is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brooke Roach | Goldman Sachs | Raises | Buy | $26.00 | $20.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $26.00 | $22.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $22.00 | $19.00 |
| Anna Andreeva | Piper Sandler | Raises | Overweight | $22.00 | $18.00 |
| Mark Altschwager | Baird | Raises | Outperform | $23.00 | $18.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $19.00 | $19.00 |
| Janine Stichter | BTIG | Raises | Buy | $20.00 | $18.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $19.00 | $19.00 |
| Brooke Roach | Goldman Sachs | Raises | Buy | $18.00 | $15.00 |
Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Warby Parker. This offers insight into analysts' perspectives on the current state of the company. Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Warby Parker compared to the broader market. Price Targets: Analysts predict movements in price targets, offering estimates for Warby Parker's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Warby Parker's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Warby Parker analyst ratings.
Delving into Warby Parker's Background
Warby Parker Inc is engaged in designing and developing designer prescription glasses and contacts, and providing the facility of eye exams and vision tests. The company predominantly derives revenue from the sales of eyewear products, optical services, and accessories. The firm sells products and services through its stores, website, and mobile apps. Revenue generated from eyewear products includes the sales of prescription and non-prescription optical glasses and sunglasses, contact lenses, eyewear accessories, and expedited shipping charges.
Warby Parker: Financial Performance Dissected
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Warby Parker's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 13.3%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Warby Parker's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -2.12%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Warby Parker's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -1.22%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Warby Parker's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.65%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Warby Parker's debt-to-equity ratio is below the industry average at 0.58, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: What Are They?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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Latest Ratings for WRBY
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | Goldman Sachs | Maintains | Buy | |
| Nov 2021 | Telsey Advisory Group | Maintains | Outperform | |
| Oct 2021 | Citigroup | Initiates Coverage On | Buy |
View More Analyst Ratings for WRBY
View the Latest Analyst Ratings
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
