Warby Parker has seen a positive shift in its stock valuation, with Roth Capital adjusting its price target for the company to $21, up from $18. A pivotal factor in this development is Warby Parker's collaboration with Google (GOOG, Financial) to create advanced "smart glasses." This partnership is considered a major milestone, potentially enhancing Warby Parker's earnings potential by 2026. The market's reaction to this news has been deemed appropriate, reflecting the promising outlook for both companies involved.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $201.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 18.52% from the current price of $170.06. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $197.51, suggesting a upside of 16.14% from the current price of $170.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
