William Blair analyst Dylan Carden has maintained their bullish stance on TDUP stock, giving a Buy rating today.
Dylan Carden has given his Buy rating due to a combination of factors that indicate a positive outlook for thredUP. The company has shown a significant recovery after divesting its European business, which has allowed it to operate under a more streamlined model. This strategic move has positioned thredUP favorably against the backdrop of potential tariff threats that could impact its competitors in the fast-fashion sector.
Moreover, thredUP’s focus on incentivizing higher quality products and leveraging AI-driven tools has enhanced customer engagement and improved marketing efficiency. The company’s financial health is also expected to benefit from reduced capital expenditures and better capacity utilization at its Texas facility. Despite some risks related to tariffs and liquidity, the current valuation reflects confidence in thredUP’s growth trajectory and operational improvements.
In another report released today, Telsey Advisory also maintained a Buy rating on the stock with a $6.00 price target.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TDUP in relation to earlier this year.