Warby Parker stock price target maintained at $29 by Citizens

Citizens has maintained a "Market Outperform" rating and a $29.00 price target on Warby Parker Inc. (NYSE:WRBY) stock, reflecting a 23% upside potential from the current share price of $23.55. The analyst's assessment is based on employee expectations for the launch of AI glasses in October or early November, following a completed training period two weeks prior.

However, Citizens adjusted its 2026 estimates as it had anticipated the glasses to be available in September, a change that aligns with the prevailing sentiment among analysts. Despite a 9.8% increase in revenue for Q2 2026 compared to the previous year, Warby Parker's adjusted earnings per share of $0.04 fell short of the anticipated $0.10, falling slightly short of Wall Street's forecast.

Nevertheless, Warby Parker has set its full-year 2026 revenue guidance between $959 million and $976 million, and adjusted EBITDA between $117 million and $119 million. The company remains profitable with revenue growth of 11% over the past year. Google's upgraded Gemini Live model was released earlier in the week.