Urban Outfitters: Another Solid Report, More Upside
Portfolio Pulse from
Urban Outfitters, Inc. is recommended as a buy with a target price of $50 due to strong Q3 sales and improved margins. The company reported record Q3 revenue of $1.36 billion and net income of $102.9 million, with significant growth in its Anthropologie, Free People, and Nuuly segments.
November 27, 2024 | 6:00 pm
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Urban Outfitters reported strong Q3 results with record revenue and net income, leading to a buy recommendation and a target price of $50.
The strong Q3 performance, including record revenue and net income, supports the buy recommendation and target price increase. The growth in key segments and margin expansion are positive indicators for future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100