Telsey Advisory raised the firm’s price target on ThredUP (TDUP) to $7 from $6 and keeps an Outperform rating on the shares. Following a “solid” finish to FY24, momentum continued with better-than-expected results in Q1, the analyst tells investors. The firm continues to see long-term benefit from the company’s positioning in the resale market.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDUP:
- ThredUP price target raised to $7.50 from $6 at Wells Fargo
- thredUP’s Strong Performance and Strategic Positioning Earns Buy Rating from Ike Boruchow
- thredUP’s Strong Performance and Strategic Positioning Drive Buy Rating
- ThredUp Reports Strong Q1 2025 Performance
- Closing Bell Movers: Palantir falls 9%, Ford down 2% on earnings
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue