WRBY Price Prediction Next Week
WRBY Stock Price Prediction and Recommendation
News Impact Analysis:
- Target Partnership: Warby Parker has announced a strategic partnership with Target to open five shop-in-shops and sell its eyewear products online, starting in 2025. This collaboration is expected to enhance Warby Parker's brand visibility and drive sales growth, though the full impact may not be immediate.
Technical Indicators:
- RSI (14): 31.99 (Oversold zone, potential for rebound).
- MACD: -1.36 (Bearish signal line crossover, indicating downward momentum).
- Stochastic Oscillator: 14.66/14.34 (In oversold territory, signaling a potential reversal).
- Fibonacci Levels:
- Pivot Point: $22.08
- Resistance Levels: $24.29, $25.66, $27.87
- Support Levels: $19.87, $18.50, $16.30
Price Prediction:
Based on the oversold RSI and potential reversal signals from the Stochastic Oscillator, WRBY is expected to rebound next week. The stock is likely to test the first resistance level at $24.29.
Recommendation:
Buy WRBY with a target price of $24.20 for the next trading week. The stock is undervalued at current levels, and the partnership with Target could provide upside momentum.
WRBY Similar Chart Price Prediction
The price of WRBY is predicted to go up -5.5%, based on the high correlation periods with ZG. The similarity of these two price pattern on the periods is 98.39%.
WRBY
ZG
Down: -5.5%Similarity: 98.39%
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%
