BTIG analyst Marvin Fong raised the firm’s price target on RealReal (REAL) to $18 from $15 and keeps a Buy rating on the shares. The firm, which rolls its base valuation year to FY28 from FY27, says it opts to use a base year further beyond its normal convention given RealReal’s profitability trajectory being “still on an aggressive ramp in percentage growth terms.”
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REAL:
- RealReal price target raised to $15 from $13 at Baird
- RealReal price target raised to $20 from $15 at Wells Fargo
- Costco downgraded, Dollar General upgraded: Wall Street’s top analyst calls
- RealReal initiated with an Outperform at William Blair
- RealReal’s Strategic Positioning and Growth Potential in the Luxury Resale Market: A Buy Recommendation by Dylan Carden