Warby Parker: Buy Rating Reiterated as Analyst Reaffirms $34 Price Target on AI-Powered Glasses Opportunity

Analyst Janine Stichter from BTIG maintained a Buy rating on Warby Parker and keeping the price target at $34.00.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Janine Stichter has given his Buy rating due to a combination of factors, including the strategic significance of Warby Parker’s upcoming AI-powered glasses and the continued progress of its partnership with Google. She views the fall launch of the audio glasses, followed by display models later on, as an important innovation that can deepen customer engagement, expand use cases, and differentiate the brand in an increasingly tech-integrated eyewear market. Stichter also appears confident that the long-term opportunity from AI eyewear is not fully reflected in the current share price, even though the initial market reaction was muted by limited disclosures on timing, specifications, and pricing. With estimates unchanged and a $34 price target reaffirmed, she believes the stock offers attractive upside as the product roadmap becomes clearer, execution milestones are met, and investors gain greater visibility into the revenue and margin potential of the new platform. According to TipRanks, Stichter is a 3-star analyst with an average return of 3.0% and a 39.48% success rate. Stichter covers the Consumer Cyclical sector, focusing on stocks such as Revolve Group, On Holding AG, and Lululemon Athletica. In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $32.00 price target.