NEW YORK, Dec. 27, 2025, 7:01 a.m. ET — Market closed
Warby Parker Inc. (NYSE: WRBY) heads into the weekend after a sharp Friday slide that stood out in an otherwise sleepy, post-Christmas session for U.S. equities. Shares finished the last regular session at $24.18, down $2.16 (-8.2%), after trading between $26.51 and $24.16 on volume of about 3.88 million shares, according to consolidated market data.
With U.S. stock exchanges closed Saturday, investors now shift focus to what could move Warby Parker stock when trading resumes Monday—especially as year-end positioning, low liquidity, and a packed macro calendar can amplify moves in consumer discretionary names.
WRBY stock: what happened in the last session
Friday’s decline in Warby Parker stock came as Wall Street largely “caught its breath” following a strong run into the holiday period. The Dow, S&P 500, and Nasdaq all edged slightly lower in light-volume trading, snapping a five-session streak but still notching weekly gains. [1]
Importantly for Warby Parker and other consumer-facing names, consumer discretionary was the biggest laggard among the S&P 500’s major sectors in that session, according to Reuters’ market recap—an unhelpful backdrop for a retail and lifestyle brand stock even when no company-specific headline is driving the tape. [2]
Ryan Detrick, chief market strategist at Carson Group, described the day as a pause after a strong rally, noting that the market was still early in the seasonal “Santa Claus rally” window. [3]
Was there breaking Warby Parker news in the last 24–48 hours?
There was no major new Warby Parker press release or earnings update in the past 24–48 hours that clearly explains the size of Friday’s move. Instead, much of the very recent WRBY-related coverage focused on the price action itself—a notable drop during a holiday-thinned session—rather than a fresh fundamental catalyst. [4]
That doesn’t mean investors were trading blind. Warby Parker has had meaningful storylines in recent weeks—particularly around AI-enabled eyewear—and Friday’s weakness can reasonably be read as profit-taking and volatility in a stock that has been sensitive to narrative shifts and analyst notes.
The bigger WRBY narrative: AI glasses with Google and the “expectations game”
Warby Parker’s most market-moving strategic storyline this month has been its collaboration with Google to develop AI-powered smart glasses, with the first product expected to launch in 2026. Reuters reported the glasses are expected to use Google’s Android XR platform and Gemini AI, with two device paths described: screen-free “AI glasses” and “display AI glasses” with an in-lens display. Pricing and distribution details were not disclosed. [5]
That kind of announcement can quickly re-rate expectations—especially for a company investors have historically valued as a growth-forward consumer brand. But it also creates a familiar market pattern: big catalyst → rapid repricing → volatile digestion phase, where the stock can give back gains if near-term fundamentals don’t immediately validate the new long-term story.
Analyst forecasts and price targets: where Wall Street sees WRBY stock
Analyst price targets for Warby Parker remain clustered in the mid-to-high $20s on average, with a wider spread reflecting uncertainty about how quickly new initiatives can translate into earnings power.
- MarketBeat’s analyst compilation lists an average price target of about $26.75, with targets ranging from $20 to $35—implying roughly ~10% upside from recent levels around $24. [6]
- In one of the most-cited recent bullish notes tied to the AI-glasses narrative, Piper Sandler analyst Anna Andreeva raised Warby Parker’s price target to $32 (from $22) and maintained an Overweight rating, according to The Fly’s report via TipRanks. [7]
- Separately, an Investing.com summary of analyst actions around the Google opportunity noted BTIG lifted its target to $32 (from $25) while keeping a Buy, and Stifel raised its target to $25 (from $19) while keeping a Hold. [8]
Taken together, the Street’s message is mixed but clear: there’s optimism about Warby Parker’s product innovation angle and brand strength, but the debate is about execution, timing, and valuation.
Short interest: a factor investors keep watching
Another data point that can matter for a volatile consumer stock is positioning. MarketBeat’s short-interest page lists Warby Parker with 13.21 million shares sold short, about 15.28% of the public float, as of Dec. 15, 2025. [9]
Elevated short interest doesn’t predict direction on its own, but it can magnify price swings—both down (when selling pressure accelerates) and up (when positive news forces covering).
Fundamentals check: what Warby Parker last reported
Warby Parker’s most recent quarterly results (Q3 2025, reported Nov. 6) showed accelerating growth and improved profitability—useful context when weighing whether Friday’s drop was mostly technical or something more fundamental.
In that release, Warby Parker reported:
- Net revenue up 15.2% year over year to $221.7 million
- Active customers up 9.3% to 2.66 million (trailing 12 months)
- Net income improved to $5.9 million
- Adjusted EBITDA rose to $25.7 million (11.6% margin)
- 15 net new stores opened in the quarter, ending at 313 stores [10]
Management explicitly connected future innovation to AI: Co-Founder and Co-CEO Neil Blumenthal said the company was energized about “innovation through AI,” while Co-Founder and Co-CEO Dave Gilboa emphasized profitability expansion and “operational discipline.” [11]
The company also updated its full-year 2025 outlook, calling for net revenue of $871M–$874M and adjusted EBITDA of $98M–$101M, alongside plans to open 45 new stores, including Target shop-in-shops. [12]
Market closed: what WRBY investors should know before Monday’s session
With the NYSE closed this weekend, the next real catalysts are less about company headlines and more about market mechanics—liquidity, macro surprises, and the way investors rotate risk exposure into year-end.
Here are the big items investors are watching into the next session:
1) Year-end market dynamics can exaggerate moves
Reuters’ “week ahead” note flags that year-end portfolio adjustments can cause volatility, and light trading volumes can amplify price moves—conditions that can matter for single-name stocks like Warby Parker. [13]
2) The S&P 500 is flirting with 7,000—and sentiment is still constructive
Reuters reported the S&P 500 was about 1% away from 7,000, and quoted Paul Nolte of Murphy & Sylvest Wealth Management saying momentum is with the bulls absent an “exogenous event.” [14]
3) Fed minutes are a near-term macro catalyst (and rate expectations matter for growth stocks)
The minutes from the Fed’s Dec. 9–10 meeting are due Tuesday (next week), and Reuters quoted Glenmede’s Michael Reynolds saying they may be illuminating for the rate path debate. [15]
4) Watch rotation and consumer discretionary tone
Reuters highlighted rotation as non-tech areas have shown strength at times, with Ameriprise’s Anthony Saglimbene pointing to investor interest in more moderately valued areas. Meanwhile, consumer discretionary was a laggard in Friday’s session—context that can influence how traders treat WRBY at the open. [16]
The setup for WRBY stock into Monday
Warby Parker enters the next session with three competing forces in play:
- Near-term volatility and tape risk (thin liquidity + year-end flows)
- A credible long-term catalyst (AI glasses with Google, but with details still pending)
- Fundamental execution to prove out the narrative (profitability expansion, store growth, and guidance delivery)
For investors, Monday’s open is less about a single headline and more about whether WRBY stabilizes after Friday’s drop—while the broader market digests year-end crosscurrents and looks ahead to Fed minutes and the final trading days of 2025. [17]
References
1. www.reuters.com, 2. www.reuters.com, 3. www.reuters.com, 4. www.marketbeat.com, 5. www.reuters.com, 6. www.marketbeat.com, 7. www.tipranks.com, 8. www.investing.com, 9. www.marketbeat.com, 10. www.businesswire.com, 11. www.businesswire.com, 12. www.businesswire.com, 13. www.reuters.com, 14. www.reuters.com, 15. www.reuters.com, 16. www.reuters.com, 17. www.reuters.com
