Ike Boruchow, an analyst from Wells Fargo, maintained the Buy rating on RealReal. The associated price target is $15.00.
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Ike Boruchow has given his Buy rating due to a combination of factors that highlight RealReal’s strong performance and future potential. The company has demonstrated a significant turnaround with its business model, showing improved margins and a return to double-digit growth in its top line. This is particularly impressive in the current economic climate, where resale is proving to be a successful strategy.
RealReal’s second-quarter results exceeded expectations, with notable revenue and EBITDA growth. The company is also planning for continued growth in the third quarter, driven by increased gross merchandise volume (GMV) and average order value (AOV). Additionally, RealReal’s use of AI tools and operational efficiencies have contributed to its scalable model, with expectations for further margin improvements in the coming years. These factors collectively support the Buy rating, as they indicate a robust and sustainable growth trajectory for the company.
REAL’s price has also changed moderately for the past six months – from $8.370 to $5.510, which is a -34.17% drop .