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Urban Outfitters beats Q1 earnings estimates, sees raised forecasts despite "Hold" rating.
Urban Outfitters reported strong Q1 earnings of $1.16 per share, beating analyst estimates by 41.46%, with revenue up 10.7% to $1.33 billion.
This performance led several analysts to raise their forecasts and price targets, with Morgan Stanley setting a target of $77.00 and JPMorgan raising theirs to $63.00.
Despite positive earnings, the stock has an average analyst rating of "Hold" with a target price of $56.36.
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Urban Outfitters supera las estimaciones de ganancias del primer trimestre, ve aumentados los pronósticos a pesar de la calificación "Hold".