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Stock impact report

Warby Parker (WRBY) Soars 11% on PT Hike, AI Glasses Optimism [Yahoo! Finance]

Warby Parker Inc. (WRBY) 
Company Research Source: Yahoo! Finance
Warby Parker rallied for a third day on Tuesday, jumping 11.57 percent to finish at $25.94 apiece as investors took heart from an investment firm's price target upgrade for its stock. In an updated market report, TD Cowen raised its fair value target for Warby Parker Inc. (NYSE:WRBY) by 8 percent to $26 from $24 previously, buoyed by strong optimism for its artificial intelligence glasses. Photo by KATRIN BOLOVTSOVA on Pexels Last month, Warby Parker Inc. (NYSE:WRBY) confirmed that the AI glasses—a new product in partnership with Google—is set to be launched sometime this year. The AI glasses will incorporate multimodal AI with prescription and non-prescription lenses. The partnership was inked in May last year, where Warby Parker Inc. (NYSE:WRBY) would design and develop the AI glasses, while Google would finance the product development for $75 million, alongside an optional investment in the former for another $75 million, subject to the achievement of certain milestones. Show less Read more
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