10 Stocks With Eye-Popping Double-Digit Gains; 4 Hit All-Time Highs

8. Warby Parker Inc. (NYSE:WRBY)

Warby Parker rallied for a third day on Tuesday, jumping 11.57 percent to finish at $25.94 apiece as investors took heart from an investment firm’s price target upgrade for its stock.

In an updated market report, TD Cowen raised its fair value target for Warby Parker Inc. (NYSE:WRBY) by 8 percent to $26 from $24 previously, buoyed by strong optimism for its artificial intelligence glasses.

Last month, Warby Parker Inc. (NYSE:WRBY) confirmed that the AI glasses—a new product in partnership with Google—is set to be launched sometime this year.

The AI glasses will incorporate multimodal AI with prescription and non-prescription lenses.

The partnership was inked in May last year, where Warby Parker Inc. (NYSE:WRBY) would design and develop the AI glasses, while Google would finance the product development for $75 million, alongside an optional investment in the former for another $75 million, subject to the achievement of certain milestones.

“Since our launch, we’ve set out to transform the optical industry by leveraging pioneering technology to design better products and experiences—and over the past 15 years, we’ve done just that,” said Warby Parker Inc. (NYSE:WRBY) co-Founder and co-CEO Dave Gilboa last month.

“Looking ahead, we believe multimodal AI is perfectly suited for glasses, enabling real-time context and intelligence to augment a wearer’s surroundings as they move through the world. We couldn’t be more excited to be partnering with Google to bring together the best of AI and the best of eyewear,” he added.