Wells Fargo raised the firm’s price target on RealReal (REAL) to $20 from $15 and keeps an Overweight rating on the shares. Wells notes that while it continues to see a winners/losers setup, bigger picture, the firm leans more positive on the space entering 2026 due to better-than-feared early holiday reads, benefits from tax reform, and optionality on tariff repeal/refund. RealReal is among Wells’ favorite long ideas.
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