ThredUP price target raised to $9 from $7 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on ThredUP (TDUP) to $9 from $7 and keeps an Outperform rating on the shares. The firm believes the company is “well positioned” to benefit from secular tailwinds in the market and sees a “compelling” long-term opportunity, which is supported by improving fundaments and market dynamics, the analyst tells investors.