Besides strong fundamentals, positive survey results and an attractive valuation make a compelling case for buying this stock, according to Evercore.
Four key developments mean that Warby Parker is likely to increase its revenue growth and expand its margins in 2024, according to Evercore ISI. The firm upgraded shares of the eyeglass retailer to outperform from in-line performance. It also issued a price target to $20, implying more than 50% upside from Monday's close of $13.27.
mountain WRBY in 2023 — CNBC's Michael Bloom contributed to this reportMorgan Stanley says investors are overlooking a $4 trillion opportunity in AI. These are the top stocks to play it
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