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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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