Away, an Original Internet Darling, Will Sell Its Luggage in More Places
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Leadership Changes at Away: Jen Rubio, co-founder and CEO of Away, has stepped down to become executive chair, with Jessica Schinazi taking over as CEO.
Expansion Strategy: Away is now selling its products beyond its website and branded stores to reach a wider consumer base.
Analyst Views on WRBY
Wall Street analysts forecast WRBY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WRBY is 23.45 USD with a low forecast of 18.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 28.330
Low
18.00
Averages
23.45
High
28.00
Current: 28.330
Low
18.00
Averages
23.45
High
28.00
About WRBY
Warby Parker Inc. is a lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. The Company offers holistic vision care by selling eyewear products and providing optical services directly to consumers through its retail stores and e-commerce platform. It sells a range of prescription and non-prescription eyewear, including glasses, sunglasses, and contact lenses. Its customers can customize their prescription lenses with a variety of options, including single-vision, progressive, light-responsive, blue-light-filtering, and non-prescription lenses. It also offers in-house technologies like Virtual Vision Test and Virtual Try-On to enhance the overall customer experience. It sells its own brand of contacts, Scout by Warby Parker, and third-party contact lenses; this allows it to provide customers with a vision care offering. Its Website and mobile app make it easy for its customers to browse, virtually try on, and purchase glasses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
