TD Cowen analyst Oliver Chen initiated coverage of ThredUP (TDUP) with a Buy rating and $5 price target The firm says ThredUP is the leading managed mass market resale platform in the U.S., processing 100,000 unique items per day. The company’s customer-centric selling model drives supply and demand, yielding mid-teens revenue growth, the analyst tells investors in a research note. TD expects the company to get more profitable in fiscal 2027 as its operating expenses grow slower than revenue and AI drives innovation.
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