Telsey Advisory raised the firm’s price target on ThredUP (TDUP) to $12 from $9 and keeps an Outperform rating on the shares. The company continued to see solid momentum in Q2, with better-than-expected revenue, gross margin, and EBITDA results, the analyst tells investors. The firm continues to see long-term benefit from the company’s positioning in the resale market.
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Read More on TDUP:
- thredUP’s Growth Potential and Valuation Concerns Justify Hold Rating
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- ThredUP sees Q3 revenue $76M-$78M, consensus $71.98M
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