Warby Parker Inc. (WRBY) saw its shares surge 5.11% during intraday trading on Friday, following positive analyst attention from UBS.

The eyewear retailer's stock price movement comes after UBS raised its price target on Warby Parker to $27 from $25, while maintaining a Neutral rating on the shares. The adjustment follows the company's Q1 results, which appear to have prompted the more optimistic valuation from the investment bank.

Analyst coverage and revised price targets often influence investor sentiment, contributing to short-term price movements as market participants adjust their positions based on updated assessments of a company's value.