Expecting Record Sales And EPS For Urban Outfitters In FY23 - Analyst's Optimistic Take
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Urban Outfitters (NASDAQ:URBN) and raised the price target to $35 from $34. The company reported a 6% Y/Y sales increase in Q1 2023 to $1.11 billion, beating the consensus of $1.09 billion, and an EPS of $0.56, beating the consensus of $0.35. The analyst expects continued optimism for the rest of the year, with a total sales forecast of $5.036 billion and an FY23 EPS of $2.70.
May 24, 2023 | 6:04 pm
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Urban Outfitters reported strong Q1 2023 results, beating sales and EPS consensus. Telsey Advisory Group analyst reiterated an Outperform rating and raised the price target to $35. The analyst expects continued optimism for the rest of the year.
Urban Outfitters reported strong Q1 2023 results, beating both sales and EPS consensus. The Telsey Advisory Group analyst's reiteration of an Outperform rating and raising the price target to $35 indicates a positive outlook for the company. The analyst's expectations for continued optimism for the rest of the year suggest that the stock price may rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100