Urban Outfitters Gets Price Target Hikes By Analysts Following Strong Q1 Results
Portfolio Pulse from Lisa Levin
Urban Outfitters (NASDAQ:URBN) reported strong Q1 results, with a 6% Y/Y sales increase to $1.11 billion and EPS of $0.56, beating analyst consensus. Inventory fell 6.3% YoY. Shares jumped 13.7% in pre-market trading. Telsey Advisory Group, Citigroup, and Wells Fargo raised their price targets on URBN.
May 24, 2023 | 12:47 pm
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Urban Outfitters reported strong Q1 results, beating analyst consensus. Shares jumped 13.7% in pre-market trading. Telsey Advisory Group, Citigroup, and Wells Fargo raised their price targets on URBN.
Urban Outfitters reported better-than-expected Q1 results, with sales and EPS beating analyst consensus. This positive news led to a 13.7% jump in pre-market trading and price target hikes from Telsey Advisory Group, Citigroup, and Wells Fargo. The strong results and increased price targets indicate a positive short-term impact on URBN's stock price.
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