JMP Securities upgraded Warby Parker to market outperform, calling for more than 40% upside.
The financial firm upgraded shares of the streaming technology provider to buy from neutral.
Analyst Michael Morris also established a 12-month price target of $75, which is approximately 21% higher than where shares closed on Thursday.
Peloton stock is down 25% on the year.
His price target of $20 implies upside of 44% from Thursday's close.
Persons:
Warby Parker, Michael Morris, Morris, — Lisa Kailai Han, Wells, Wells Fargo, Edward Kelly, Kelly, BJ's, BJ, Lisa Kailai Han, Piper Sandler, Anna Andreeva, Andreeva, it's, Piper, Doug Anmuth, Anmuth, Nicholas Jones, Jones, Fred Imbert
Organizations:
CNBC, JMP Securities, JPMorgan, Guggenheim, BJ's, BJ's Wholesale, LT, Costco, CF Subs, Revenue, Warby, Warby Parker Inc
Locations:
ROKU, Chewy, Thursday's