TD Cowen reaffirms Buy rating and $24 price target on Warby Parker, citing strong growth potential.

From Financial Modeling Prep: 2025-06-20 16:41:00

TD Cowen reaffirmed its Buy rating and $24 price target on Warby Parker (NYSE:WRBY), citing its strong market share growth, expanding customer base, and consistent profitability. The company’s focus on marketing efficiency and recent partnership with Google Glass are seen as key drivers for future revenue growth.

Warby Parker has been improving EBITDA margins and achieved GAAP profitability in Q1. Analysts anticipate further margin expansion through disciplined spending and increased sales volume. The company’s aggressive store expansion plans and e-commerce growth are expected to drive revenue growth in the low to mid-teens range.

With a long-term goal of 900 stores and e-commerce accounting for 30% of sales, Warby Parker is poised for continued growth. TD Cowen believes the company’s conservative guidance leaves room for upside surprises, making it a top small- and mid-cap pick for investors seeking growth opportunities.



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