The firm anticipates that the company is likely to reinvest the benefits from this reduction and pass some of the upside to its operations. Based on InvestingPro 's Fair Value analysis, the stock is currently trading near its Fair Value, with analysts expecting the company to become profitable this year. Piper Sandler's revised price target is based on a 22x multiple of the company's projected 2026 EV/EBITDA, an increase from the 18x multiple previously used. In other recent news, Warby Parker Inc. announced a strategic partnership with Google to develop AI-powered eyewear, prompting various analysts to adjust their outlooks. Citi raised its price target for Warby Parker from $17.00 to $22.00, maintaining a Neutral rating, while Stifel increased their target from $18.00 to $21.00, holding a Hold rating. Piper Sandler reaffirmed an Overweight rating with a $20.00 price target, reflecting confidence in the collaboration's potential to enhance Warby Parker's market position.