Four key developments mean that Warby Parker is likely to increase its revenue growth and expand its margins in 2024, according to Evercore ISI.
Analyst Mark Mahaney thinks 2024 will be a "fundamental inflection year" for the eyewear company's revenue growth reacceleration and margin expansion.
"We view WRBY's valuation as highly attractive vs. comps, on a growth-adjusted basis," Mahaney said.
Over the past three months, however, the stock has rallied more than 11%, while the S & P 500 dipped 3.7%.
WRBY YTD mountain WRBY in 2023 — CNBC's Michael Bloom contributed to this report.
Persons:
Warby Parker, Mark Mahaney, Mahaney, —, Michael Bloom
Organizations:
ISI