RealReal price target raised to $17 from $14 at B. Riley

B. Riley raised the firm’s price target on RealReal (REAL) to $17 from $14 and keeps a Buy rating on the shares. A tour of RealReal’s Marin store reinforced conviction in the firm’s thesis, highlighting growing consumer adoption of resale and potential to reach 15%-20% adjusted EBITDA margins through AI-driven product intake optimization, the analyst tells investors in a research note.