Zacks Research upgraded Urban Outfitters (URBN) from hold to strong-buy on Thursday.
The retailer reported quarterly earnings per share of $1.30. This figure exceeded the consensus analyst estimate of $1.12. Quarterly revenue reached $1.48 billion. Revenue grew 11.4% compared to the same period last year.
The financial results surpassed analyst estimates and fueled broader bullish sentiment. Analysts currently maintain a Moderate Buy consensus rating on the stock. The average price target for the company is $87.