2 Urban Outfitters Analysts Raise Forecasts After 'Broad-Based Beat'
Portfolio Pulse from Priya Nigam
Urban Outfitters, Inc. (NASDAQ:URBN) reported record second-quarter sales, leading to a rise in its shares. Analysts from BMO Capital Markets, Telsey Advisory Group, and Morgan Stanley have raised their price targets for the company, despite the underperformance of the UO banner. The company's total sales for the second quarter reached a record $1.272 billion, beating the consensus estimate of $1.249 billion.
August 23, 2023 | 3:47 pm
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Urban Outfitters reported record Q2 sales, leading to a rise in its shares. Analysts have raised their price targets for the company, despite the underperformance of the UO banner.
The record Q2 sales reported by Urban Outfitters have led to a positive response from the market, with a rise in the company's shares. This positive financial performance has also led analysts to raise their price targets for the company, indicating a positive outlook for the company's stock. However, the underperformance of the UO banner could potentially impact future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100