URBN Stock Price: $38 Target By JPMorgan

By Amit Chowdhry ● May 28, 2021
  • The stock price of Urban Outfitters, Inc (Nasdaq: URBN) has received a price target increase from $30 to $38 by JPMorgan. These are the details.

The stock price of Urban Outfitters, Inc (Nasdaq: URBN) has received a price target increase from $30 to $38 by JPMorgan. And JPMorgan analyst Matthew Boss had upgraded Urban Outfitters shares from an “Underweight” rating to “Neutral.”

Boss had cited the company’s fiscal first quarter results as the reason for the upgrade. Now Boss believes that there is a balanced risk/reward ahead as comps at core Urban Outfitters, Anthropologie, and Free People showing some signs of stabilization.

Plus Boss noted that Urban’s gross margin outlook improved given the outsized digital shift.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.