Urban Outfitters is trading 4.1% up now at $75.97 after Goldman Sachs upgraded the stock and raised its 12-month price target to $93, highlighting brand recovery and the Nuuly subscription service as key growth drivers.
- Analysts cite improving same-store sales and better profitability trends as primary reasons for the more bullish outlook.
- Growth is expected to continue scaling through the Free People Movement brand and the expansion of the Nuuly rental business.