- The shares of Urban Outfitters, Inc. (NASDAQ: URBN) have received a $38 price target from Barclays. These are the details.
The shares of Urban Outfitters, Inc. (NASDAQ: URBN) have received a $38 price target from Barclays. And Barclays analyst Adrienne Yih reduced the price target on Urban Outfitters from $53 while maintaining an “Overweight” rating on the shares.
Yih cited softening holiday and preliminary Q4 sales results across retail, which increases caution for a potentially slower start to 2022 amid macro factors like the surge in omicron cases and lapping stimulus. And Yih believes that the lack of promotions and clearance items is likely going to weigh on January sales and traffic.
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