Urban Outfitters Is Gearing Up: Analyst Predicts 2Q23 Sales Surge, Margin Upswing, And More
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Urban Outfitters, Inc (NASDAQ:URBN), raising the price target to $41 from $35. The analyst expects a sales surge, margin upswing, and healthy inventory position for URBN in 2Q23. The company plans to open a new highly automated omni-fulfillment facility in Kansas City, Kansas, during the back half of FY24 and a new rental fulfillment facility in Missouri by the end of FY24.
August 15, 2023 | 6:07 pm
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Urban Outfitters is expected to see a sales surge and margin upswing in 2Q23, according to an analyst. The price target has been raised to $41.
The analyst's positive outlook and raised price target indicate a potential upside for Urban Outfitters. The company's plans for expansion and new facilities also suggest potential for growth.
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IMPORTANCE 80
RELEVANCE 100