Urban Outfitters (URBN) Receives Price Target

Urban Outfitters (URBN) stock is expected to deviate a maximum of $4.13 from the average target price of $37.16 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $45 and the most muted being $31.

Urban Outfitters (URBN) : 23 analysts are covering Urban Outfitters (URBN) and their average rating on the stock is 2.26, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Urban Outfitters (URBN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Brokerage firm Goldman Sachs downgrades its rating on Urban Outfitters (NASDAQ:URBN). As per the latest information, the brokerage house raises the price target to $35 per share from a prior target of $33. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 22, 2016.

Urban Outfitters (NASDAQ:URBN): The stock opened at $35.79 on Thursday but the bulls could not build on the opening and the stock topped out at $35.87 for the day. The stock traded down to $35.32 during the day, due to lack of any buying support eventually closed down at $35.78 with a loss of -0.20% for the day. The stock had closed at $35.85 on the previous day. The total traded volume was 2,321,416 shares.

Urban Outfitters, Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Companys Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Companys customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative, outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young womens contemporary casual apparel.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.