Warby Parker: Lock In Gains On The Google Spike (Downgrade)
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Gary Alexander32.85K FollowersFollow5ShareSavePlay(8min)Comments(2)SummaryWarby Parker is downgraded to "Neutral" after a momentum-driven rally fueled by Google AI glasses partnership news.Despite Q3 revenue growth of 15% y/y, WRBY missed both Street estimates and its own guidance, prompting a full-year revenue guidance cut.Younger consumer weakness and insurance plan limitations are pressuring premium frame sales, raising caution on near-term upside.The new Google AI glasses, set to release in 2026, aren't likely to make much of a dent in a relatively nascent AI glasses market dominated by Meta and Apple.
Getty Images As we look ahead to 2026 amid a stock market that is burdened by stretched valuations, we need to focus on rotating our portfolios to value as much as possible. The best way to do this is to increase our exposure toThis article was written byGary Alexander32.85K FollowersFollowWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.