Forecast Of The Day: Urban Outfitters Wholesale Revenue
What?
Urban Outfitters (NASDAQ:URBN) Wholesale Segment Revenue declined from around $340 million in 2019 to about $216 million in 2020. Trefis expects the metric to rise to around $293 million in 2021 and to about $311 million in 2022.
Why?
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While sales dipped in 2020 due to the Covid-19 pandemic, we expect longer-term growth to be driven by new partnerships and higher online sales.
So What?
We think the projected growth is largely priced into URBN stock. We value URBN at about $35 per share, roughly in line with the current market price.
See Our Complete Analysis For Urban Outfitters
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