UBS raised the firm’s price target on RealReal (REAL) to $14 from $10.50 and keeps a Neutral rating on the shares. The company is growing sales and profit better than anticipated as evidenced by RealReal’s Q3 report, the analyst tells investors in a research note. RealReal’s efforts to unlock supply and drive operational efficiency are working, and these initiatives should continue driving sales and EBITDA growth, though the stock is mostly pricing this in, UBS adds.
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