ThredUP price target lowered to $10 from $13 at Wells Fargo

Wells Fargo lowered the firm’s price target on ThredUP (TDUP) to $10 from $13 and keeps an Overweight rating on the shares. The firm highlights another robust print with conservatism baked into Q1/full year plan. Revenue trends remain above algorithm and margins should continue to move higher. While shares have materially pulled back, Wells doesn’t see any change to fundamentals.