Rent the Runway Likely To Post Narrower Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Rent the Runway, Inc. RENT is expected to report its second quarter 2023 financial results for the quarter ended July 31, 2023, before the opening bell on Sept. 8, 2023.

Analysts expect the company to post a quarterly loss at 43 cents per share, versus a year-ago loss of 53 cents per share. The company’s revenue might come in at $78.25 million, compared to $76.5 million in the year-ago period.

Rent the Runway shares gained 3.7% to $1.41 in the after-hours trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Piper Sandler analyst Edward Yruma maintained an Overweight rating with a price target of $6 on June 8, 2023. This analyst has an accuracy rate of 74%.
• Barclays analyst Ross Sandler maintained an Overweight rating and boosted the price target from $3 to $4 on April 13, 2023. This analyst has an accuracy rate of 66%.
• Goldman Sachs analyst Eric Sheridan maintained a Buy rating and cut the price target from $9 to $6 on Sept. 14, 2022. This analyst has an accuracy rate of 77%.
• Credit Suisse analyst Michael Binetti downgraded the stock from Outperform to Neutral and cut the price target from $7 to $4 on Sept. 13, 2022. This analyst has an accuracy rate of 62%.

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