Urban Outfitters Stock Set to Soar on Strong Q3 Results

Urban Outfitters Inc (NASDAQ:URBN) is the latest retail giant to report strong results, beating top- and bottom-line expectations in the third quarter. The company also saw an 8% jump in same-store sales, while its clothing rental subscription Nuuly enjoyed a 49% sales and subscriber increase. In response, URBN is up 15.9% to trade at $79.20 before the open.The security is already collecting bull notes, with no fewer than six analysts raising their price targets, including Barclays to $98 from $89. Analysts ...