Goldman Sachs Raises Warby Parker Price Target to $20

Warby Parker (NYSE:WRBY) has received a generally positive outlook from analysts, with The Goldman Sachs Group recently raising its price target from $18.00 to $20.00, maintaining a Buy rating and indicating a potential upside of over 26%. The stock holds an average consensus price target of approximately $21.36 from 14 analysts, with a general 'Outperform' consensus based on 16 brokerage recommendations. However, some caution remains, as Morgan Stanley and Roth MKM have maintained Hold ratings citing concerns about the company's near-term growth, profitability, and recent earnings misses. Insider activity has been positive, with increased insider buying reported recently. Additionally, Warby Parker is recognized among billionaire Nicholas J. Pritzker's investment portfolio via Tao Capital Partners, reflecting confidence in the company's long-term potential. Despite some volatility and uncertainties in financial performance, the overall sentiment is moderately bullish with expectations of growth and market expansion.