NEW YORK, Dec. 28, 2025, 7:17 a.m. ET — Market closed.
Warby Parker Inc. (NYSE: WRBY) heads into the final trading days of 2025 with investors debating whether Friday’s selloff was a year-end shakeout—or the market quietly repricing risk after the stock’s AI-glasses-fueled run earlier this month.
With U.S. exchanges closed for the weekend, WRBY is last marked at $24.18, down about 8.2% in the most recent session. The stock’s day range ran roughly from $24.14 to $26.20, underscoring the volatility that’s become typical for the name. [1]
What changed in the last 24–48 hours: the selloff, the consensus, and fresh street recaps
Coverage over the past two days has been dominated by three threads:
1) A renewed focus on Friday’s drop and where WRBY sits technically.
MarketBeat’s Friday recap framed the move against a backdrop of mixed reactions to Warby Parker’s recent quarterly performance and a market trying to stay upright into year-end. [2]
2) A “Moderate Buy” consensus remains intact—despite the drawdown.
In a Sunday update dated Dec. 28, MarketBeat reported that 19 ratings firms currently assign Warby Parker an average rating of “Moderate Buy,” with 11 buys and 8 holds, and a one-year average price target of $26.75. [3]
Several firms cited in that update include UBS (neutral, price target reduced), Citizens JMP (raised to outperform), and Robert W. Baird (target cited at $35)—a reminder that optimism exists, but it’s not unanimous. [4]
3) A new Zacks snapshot reiterates a “Hold” stance.
A Zacks report dated Dec. 27 lists WRBY at Zacks Rank #3 (Hold), flags the stock’s beta at 2.06, and points to projected sales growth of 13.11% (F1/F0). It also lists the next report date as Feb. 26, 2026—a key calendar marker for anyone thinking beyond Monday’s open. [5]
The bigger narrative still hanging over WRBY: “glasses” meets “AI”
Warby Parker’s stock has been trading in the gravitational field of its push into “intelligent eyewear”—a theme that brought the company into the same sentence as Big Tech (and, inevitably, big expectations).
Earlier this month, Reuters reported that Warby Parker and Google set a public timeline for AI-powered smart glasses, with the first product expected to launch in 2026, leveraging Android XR and Google’s Gemini AI model. [6]
And the long-term partnership framing is not just a headline—Warby Parker’s own May announcement said Google committed up to $150 million, including an equity investment component, as part of the collaboration. In that same release, Google’s Shahram Izadi (GM and VP of XR at Google) described Warby Parker as a strong partner for building smart glasses on Android XR. [7]
That kind of storyline can inflate a stock fast. It can also make the stock fragile: when the market gets jittery (or liquidity thins), high-beta “narrative” names are often the first to wobble.
Fundamentals check: what Warby Parker last told investors
Warby Parker’s most recent quarterly report (Q3 2025) painted a picture of accelerating growth and improving profitability—useful context when a stock suddenly drops 8% and the internet starts inventing reasons.
In its Q3 release, the company reported:
- Net revenue of $221.7 million, up 15.2% year-over-year
- Active customers up 9.3% to 2.66 million (trailing 12 months)
- Net income of $5.9 million
- Adjusted EBITDA of $25.7 million (11.6% margin)
- 313 stores at quarter-end after opening 15 net new stores in Q3 [8]
The company also updated full-year 2025 guidance to:
- Net revenue of $871 million to $874 million (about 13% growth)
- Adjusted EBITDA of $98 million to $101 million (11.3%–11.6% margin)
- 45 new stores planned for 2025, including five shop-in-shops at select Target locations [9]
Notably, the executives explicitly tied the next chapter to AI-led innovation. Co-CEO Neil Blumenthal said the company is energized to create new products “like AI glasses,” while Co-CEO Dave Gilboa emphasized expanding profitability and operational discipline. [10]
Insider activity: what investors are reading into recent Form 4s
Insider selling doesn’t automatically mean “bad news,” but it does shape sentiment—especially when a stock has been volatile.
A Form 4 filed with the SEC shows that co-founder and co-CEO Neil Harris Blumenthal sold 100,000 shares on Dec. 11, 2025 at an average price of $30.29. The filing indicates the sale was made under a Rule 10b5-1 trading plan adopted March 14, 2025. [11]
Separately, a Form 4 for co-CEO Dave Gilboa reflects activity including a 200,000-share sale (also flagged as 10b5-1 plan-related) and a later 50,000-share gift of Class B stock (converted to Class A upon transfer), according to SEC filings. [12]
MarketBeat’s weekend write-up also highlighted insider selling as a key talking point alongside the analyst consensus. [13]
So what now? Key levels, expectations, and what matters before Monday’s open
With the market closed, the practical question becomes: what should WRBY investors know before the next session begins?
The setup: WRBY is now back near a zone where longer-term trend followers often start paying attention. MarketBeat’s data shows the stock’s 52-week range at roughly $13.63 to $31.00, and places WRBY near major moving averages that many traders treat as “decision points.” [14]
The Street’s base case (as reflected in published targets): Even after the pullback, the published consensus targets cited in recent coverage cluster in the mid-to-high $20s, with bull cases reaching into the $30s. [15]
The calendar: The next obvious company-specific catalyst is earnings. Zacks lists the next report date as Feb. 26, 2026. [16]
The macro backdrop into Monday: Year-end trading tends to come with thinner liquidity, and this week is also holiday-shortened due to New Year’s Day. Investopedia’s week-ahead preview flags Pending Home Sales (Monday) among key economic releases, with additional housing and Fed-related items later in the week. [17]
MarketWatch’s economic calendar similarly lists Pending Home Sales (Nov.) at 10:00 a.m. ET on Monday, Dec. 29. [18]
For a consumer-facing brand like Warby Parker—where investors care about demand, discretionary spending, and margin pressures—macro prints that move rates or consumer confidence can matter more than usual in low-volume conditions.
What to watch specifically in the next session
Heading into Monday, investors will likely focus on a few clean, testable questions:
- Does WRBY stabilize after the flush? A one-day 8% drop can be either capitulation (buyers step in) or the start of a broader unwind (rallies get sold).
- Do analysts or data providers update targets/notes following the move? The published consensus remains constructive, but year-end is when desk activity can suddenly reappear. [19]
- Is the AI-glasses narrative still driving incremental buyers—or just higher volatility? The Google partnership is a real strategic swing, but the market will keep demanding evidence: product details, distribution plans, adoption, and economics. [20]
Warby Parker’s story is getting bigger—moving from “disruptor eyewear retailer” to “omnichannel vision brand that wants to ship AI hardware.” Bigger stories can produce bigger upside. They can also produce bigger whiplash. This weekend’s print leaves the stock in exactly that interesting, uncomfortable middle zone where both bulls and bears can tell a plausible story—until Monday’s tape starts talking again.
References
1. stockanalysis.com, 2. www.marketbeat.com, 3. www.marketbeat.com, 4. www.marketbeat.com, 5. advisortools.zacks.com, 6. www.reuters.com, 7. www.businesswire.com, 8. www.businesswire.com, 9. www.businesswire.com, 10. www.businesswire.com, 11. www.sec.gov, 12. www.sec.gov, 13. www.marketbeat.com, 14. www.marketbeat.com, 15. www.marketbeat.com, 16. advisortools.zacks.com, 17. www.investopedia.com, 18. www.marketwatch.com, 19. www.marketbeat.com, 20. www.reuters.com
