Warby Parker (NYSE:WRBY) Stock Gets Price Target Increase from Citizens Jmp

Key Points

• Citizens JMP raised Warby Parker’s price target from $29 to $40 and maintained a “market outperform” rating, implying 47.4% upside from the share price cited in the report.
• Analyst views are mixed but lean positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $31.42, while ratings range from Strong Buy to Sell.
• Quarterly revenue grew 10.4% year over year to $244.7 million, but reported EPS of $0.04 missed the $0.09 consensus. Management signaled 15%–20% Q4 revenue growth and expects Intelligent Eyewear deliveries to start in mid-December.

Warby Parker (NYSE:WRBY - Get Free Report) had its price objective boosted by equities researchers at Citizens Jmp from $29.00 to $40.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. Citizens Jmp's price objective suggests a potential upside of 47.43% from the company's current price.

A number of other equities analysts have also commented on the stock. UBS Group restated a "neutral" rating and issued a $32.00 price target on shares of Warby Parker in a research report on Friday. Weiss Ratings lowered shares of Warby Parker from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, October 23rd. The Goldman Sachs Group reiterated a "buy" rating and issued a $32.00 target price on shares of Warby Parker in a research note on Friday. BTIG Research reiterated a "buy" rating on shares of Warby Parker in a research note on Tuesday, October 27th. Finally, Roth Capital reissued a "neutral" rating and issued a $28.00 target price on shares of Warby Parker in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.42.

Warby Parker Stock Performance

Shares of NYSE WRBY traded up $1.05 during midday trading on Friday, reaching $27.13. 655,450 shares of the company traded hands, compared to its average volume of 3,117,361. The firm has a market cap of $2.94 billion, a PE ratio of 386.89, a PEG ratio of 6.97 and a beta of 1.95. The stock's 50-day simple moving average is $24.91 and its 200-day simple moving average is $25.12. Warby Parker has a 12 month low of $16.26 and a 12 month high of $31.00.

Warby Parker (NYSE:WRBY - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). Warby Parker had a net margin of 0.85% and a return on equity of 3.36%. The firm had revenue of $244.74 million during the quarter, compared to analyst estimates of $244.92 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts expect that Warby Parker will post 0.12 EPS for the current year.

Insider Transactions at Warby Parker

In other Warby Parker news, CEO Neil Blumenthal sold 100,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $27.69, for a total value of $2,769,000.00. Following the transaction, the chief executive officer directly owned 36,020 shares in the company, valued at approximately $997,393.80. This trade represents a 73.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 16.80% of the company's stock.

Institutional Investors Weigh In On Warby Parker

Institutional investors and hedge funds have recently made changes to their positions in the company. Pinnacle Associates Ltd. raised its holdings in Warby Parker by 1.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 27,679 shares of the company's stock worth $769,000 after purchasing an additional 393 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Warby Parker by 53.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,339 shares of the company's stock valued at $37,000 after purchasing an additional 468 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Warby Parker by 5.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 9,273 shares of the company's stock valued at $258,000 after purchasing an additional 498 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Warby Parker by 105.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the company's stock valued at $28,000 after purchasing an additional 673 shares during the last quarter. Finally, Essential Partners LLC grew its position in shares of Warby Parker by 44.2% during the 1st quarter. Essential Partners LLC now owns 2,570 shares of the company's stock worth $54,000 after buying an additional 788 shares during the period. Institutional investors own 93.24% of the company's stock.

Warby Parker News Roundup

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Management signaled 15%–20% revenue growth in Q4 and said deliveries of its Intelligent Eyewear are expected to begin in mid-December. The outlook and new product launch appear to be key drivers of the positive reaction. Article: Warby Parker signals Q4 growth and Intelligent Eyewear deliveries
• Positive Sentiment: Q3 revenue rose 10.4% year over year to $244.7 million, broadly in line with expectations. Active customers increased 3% to 2.74 million, average revenue per customer grew 6.7% to $342, and gross margin improved to 54.4%. Article: Warby Parker Announces Third Quarter 2026 Results
• Neutral Sentiment: Reports said WRBY rose above its 200-day moving average after the earnings-related rally. That may signal improving momentum, though it does not resolve concerns about profitability. Article: Warby Parker share price breaks above 200-day moving average
• Negative Sentiment: Warby Parker reported $0.04 EPS versus the $0.09 consensus cited in the supplied earnings data, while revenue was just below estimates. Other coverage cites adjusted EPS of $0.11, reflecting a different earnings measure. The earnings miss and reports of significant spending ahead could weigh on sentiment. Article: Warby Parker Q3 2026 earnings and spending outlook

Warby Parker Company Profile

Warby Parker Inc is an optical retailer that designs, manufactures and sells prescription eyeglasses, sunglasses, contact lenses and related accessories. The company offers its products through its website, mobile applications and a growing network of retail stores, combining online shopping with in-person services such as frame fitting and eye examinations.

Founded in 2010 by Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker was established as a direct-to-consumer eyewear company.

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