- Jefferies analyst Ashley Helgans initiated coverage of Rent The Runway Inc RENT with a Buy rating and $13 price target, implying an 81% upside.
- Ashley listed low consumer penetration and post-COVID event backlog to support FY22 subscriber and revenue growth of over 40% and 50%, respectively.
- Rent The Runway is an e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories.
- Price Action: RENT shares are trading higher by 27.2% at $7.20 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In: Analyst ColorNewsPrice TargetInitiationSmall CapAnalyst RatingsMoversTrading IdeasGeneralBriefswhy it's moving
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
