BTIG raised the firm’s price target on RealReal (REAL) to $15 from $11 and keeps a Buy rating on the shares. The company delivered resounding Q3 results, hitting the 20% growth barrier in a tough consumer environment, the analyst tells investors in a research note. RealReal has also delivered the largest GMV – gross merchandise value – beat since the pandemic and, unlike back then, growth is coming at positive incremental EBITDA margins, the firm added.
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