What Happened?

Shares of eyewear retailer Warby Parker (NYSE: WRBY) jumped 3.7% in the afternoon session after Loop Capital named the eyeglasses maker one of its top-pick stocks for 2026. 

The investment firm's selection was based on what it described as an "attractive risk/reward profile." This suggested that Loop Capital believed the potential for the stock's price to increase outweighed the possible risks. Such a designation from an analyst firm often gave investors more confidence in a company's future performance, which led to increased buying activity and a higher stock price.

After the initial pop the shares cooled down to $22.47, up 3.1% from previous close.

Is now the time to buy Warby Parker? Access our full analysis report here.

What Is The Market Telling Us

Warby Parker’s shares are extremely volatile and have had 32 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 16 days ago when the stock gained 2.7% on the news that Piper Sandler raised its price target on the company's stock. The firm increased its price target on the eyewear retailer to $32 from $22, while it kept an Overweight rating on the shares. This move followed Warby Parker's announcement of a partnership with Google to launch AI glasses in 2026. The new price target from the investment firm suggested potential upside from the stock's recent trading levels.

Investors who bought $1,000 worth of Warby Parker’s shares at the IPO in September 2021 would now be looking at an investment worth $412.28.

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