Loop Capital Maintains Buy Rating on Warby Parker (WRBY) Stock

On May 27, Anthony Chukumba from Loop Capital Markets reiterated a Buy rating on Warby Parker Inc. (NYSE:WRBY) while keeping the price target the same at $27.

The rating upgrade comes after the company announced its partnership with Google to develop intelligent eyewear.

Loop Capital Markets Reiterated a Buy Rating on Warby Parker (WRBY)

A woman wearing a stylish pair of eyeglasses walking through a shopping center.

The company on May 20 joined the AI race by partnering with Google to design AI-powered smart glasses. Warby Parker Inc. (NYSE:WRBY) will receive $150 million from Google, with $75 million as an upfront payment and $75 set as an equity investment upon fulfillment of certain milestones.

The news has led to raised estimates for the company. For instance, on May 21, Roth Capital analyst M. Koranda upgraded his fiscal third quarter 2026 earnings estimates and now expects the company to earn $0.13 per share up from the previous estimate of $0.09.

Warby Parker Inc. (NYSE:WRBY) is a retailer specializing in eyewear for men and women, offering prescription glasses, sunglasses, and contact lenses. The company designs its eyewear in-house and works directly with manufacturing partners globally to produce high-quality frames at affordable prices.

While we acknowledge the potential of WRBY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRBY and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.