ThredUP price target raised to $3 from $2 at Telsey Advisory

Telsey Advisory raised the firm’s price target on ThredUP (TDUP) to $3 from $2 and keeps an Outperform rating on the shares. The company delivered better-than-expected revenue, gross margin, and EBITDA margin for Q4, the analyst tells investors. The firm continues to see long-term benefit from the company’s positioning in the fast-growing resale market.