The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Warby Parker Inc. (NYSE:WRBY) is one of the 10 Stocks Outperforming Wall Street With Monster Returns.

Warby Parker soared by 23.47 percent on Thursday to end at $27.20 apiece, after beating its revenue expectations in the first quarter of the year and posting an upbeat outlook for the second quarter and full-year period.

In an updated report, Warby Parker Inc. (NYSE:WRBY) said that it was able to achieve $242 million in revenues in the first three months of the year, jumping by 8 percent from the $223.78 million in the same period last year, and beating its earlier target of $238 million to $240 million.

For illustration purposes only

Net income, on the other hand, ended at $3.18 million, lower by 8 percent than the $3.47 million year-on-year.

Looking ahead, Warby Parker Inc. (NYSE:WRBY) is targeting revenues of $235 million to $238 million in the second quarter of the year, or an implied growth of 9.5 percent to 10.9 percent from the $214.5 million posted in the same period a year earlier.

Adjusted EBITDA is projected at $27 million to $29 million, or growth of 8 percent to 16 percent from the $25 million year-on-year.

For the full-year period, revenues are expected to grow by 10 to 12 percent to a range of $959 million to $976 million, versus the $871.9 million a year earlier.

While we acknowledge the potential of WRBY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.