WRBY Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Warby Parker (WRBY) is currently trading at $20.28 as of 2025-03-10. The stock is showing signs of potential short-term volatility, with a Relative Strength Index (RSI) of 20.89, indicating oversold conditions. The MACD is currently negative, suggesting bearish momentum.
News and Event Impact:
Warby Parker has recently announced a partnership with Target (TGT), which could potentially boost its brand visibility and sales. However, Target's upcoming earnings report on March 4, 2025, could have a significant impact on WRBY's stock price. If Target's earnings exceed expectations, it may positively impact WRBY due to their partnership. Conversely, a disappointing report could lead to broader market sell-off.
Price Prediction:
Based on the current technical indicators and the potential impact of Target's earnings, WRBY is expected to trade in the range of $19.50 to $21.50 next week. The stock may experience a slight rebound due to oversold conditions, but overall momentum remains bearish.
Recommendation:
Sell WRBY if the stock approaches the upper end of the predicted range ($21.50) as the broader market sentiment and technical indicators suggest limited upside potential.
WRBY Similar Chart Price Prediction
The price of WRBY is predicted to go up 12.02%, based on the high correlation periods with PZZA. The similarity of these two price pattern on the periods is 96.95%.
WRBY
PZZA
Up: 12.02%Similarity: 96.95%
WRBY Revenue Forecast
WRBY EPS Forecast
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WRBY Analyst's Forecast
Kimberly Greenberger
Morgan Stanley
Hold
2025-01-21
Price Target
$17 → $23
Downside
-9.66%
Morgan Stanley raised the firm's price target on Warby Parker to $23 from $17 and keeps an Equal Weight rating on the shares. Against record gross margins, the firm thinks softlines profitability expansion "will be harder to come by" in 2025, which places the burden on sales growth acceleration and/or expense reduction. This setup makes 2025 more of a stock-picking environment in softlines, and also means the dispersion between leaders and laggards likely continues to widen, the analyst tells investors.
Mark Mahaney
Evercore ISI Group
Buy → Hold
2025-01-17
Price Target
$23
Downside
-6.43%
Dana Telsey
Telsey Advisory Group
Buy
2024-11-19
Price Target
$22 → $26
Upside
+12.75%
