ThredUP price target lowered to $9 from $12 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on ThredUP (TDUP) to $9 from $12 and keeps an Outperform rating on the shares. The company reported a strong finish to FY25, benefitting from years of investments in new buyer acquisition and its Fall rebrand, the analyst tells investors. The firm sees long-term benefit from the company’s positioning in the resale market and believes it can adjust to changing trends despite the challenging macro consumer environment.