On Nov 27, major Wall Street analysts update their ratings for $Urban Outfitters (URBN.US)$, with price targets ranging from $41 to $53.
Morgan Stanley analyst Alexandra Straton maintains with a hold rating, and adjusts the target price from $38 to $41.
BofA Securities analyst Lorraine Hutchinson maintains with a buy rating, and adjusts the target price from $46 to $53.
Citi analyst Paul Lejuez upgrades to a buy rating, and maintains the target price at $42.
Barclays analyst Adrienne Yih maintains with a buy rating, and adjusts the target price from $43 to $51.
Wells Fargo analyst Ike Boruchow maintains with a hold rating, and maintains the target price at $48.
Furthermore, according to the comprehensive report, the opinions of $Urban Outfitters (URBN.US)$'s main analysts recently are as follows:
After observing outperformance at Anthropologie, Free People, and Nuuly which countered declines at the Urban Outfitters flagship, analysts maintain a positive outlook on the company. These analysts consider Anthropologie and Free People as among the top performing apparel brands currently in the market, see Nuuly as a promising growth opportunity, and believe that the Urban Outfitters flagship is establishing a basis for future growth.
Urban Outfitters' significant earnings beat, driven by strong top-line growth and margin improvement, was unexpected. The continued perception of its valuation being inexpensive, alongside opportunities for positive rate changes, still doesn't make a case for a significant re-rating according to analysts.
Urban Outfitters reported a Q3 that exceeded expectations in total sales, gross margin, and earnings. There is perceived opportunity in the brand's turnaround.
Urban Outfitters has exhibited strong execution across its portfolio according to recent evaluations. For the first time in years, signs of recovery are evident in the Urban Outfitters brand, with management anticipating continual comp improvements into the next quarter and a margin recovery projected through fiscal 2025. The Anthropologie and Free People brands continue to hold strong positions, suggesting a very favorable risk/reward situation for the stock.
Urban Outfitters reported another notable earnings beat, largely driven by increased gross margins. Demand trends improved after an initial hiccup early in the third fiscal quarter, and management remains optimistic about the company's positioning for the holiday season.
Here are the latest investment ratings and price targets for $Urban Outfitters (URBN.US)$ from 6 analysts:
Note:
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