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Rent the Runway

RENTNASDAQ
Logo brought to you by Benzinga Data
$8.19
-0.07-0.85%
At close: -
$8.30
0.111.34%
After Hours: 8:54 AM EDT
Consensus Rating1
Buy
Highest Price Target1
$40.00
Lowest Price Target1
$0.60
Consensus Price Target1
$10.67

Rent the Runway (NASDAQ:RENT) Stock, Analyst Ratings, Price Targets, Forecasts

Rent the Runway Inc has a consensus price target of $10.67 based on the ratings of 14 analysts. The high is $40 issued by JMP Securities on December 10, 2024. The low is $0.6 issued by Wells Fargo on January 16, 2024. The 3 most-recent analyst ratings were released by JMP Securities, Jefferies, and JMP Securities on December 10, 2024, September 6, 2024, and June 7, 2024, respectively. With an average price target of $35.33 between JMP Securities, Jefferies, and JMP Securities, there's an implied 325.70% upside for Rent the Runway Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Sep 24
0
0
0
0
Dec 24
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.9
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

JMP Securities
Jefferies
Goldman Sachs
Piper Sandler
Wells Fargo

1calculated from analyst ratings

Analyst Ratings for Rent the Runway

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FAQ

Q

What is the target price for Rent the Runway (RENT) stock?

A

The latest price target for Rent the Runway (NASDAQ:RENT) was reported by JMP Securities on December 10, 2024. The analyst firm set a price target for $40.00 expecting RENT to rise to within 12 months (a possible 381.93% upside). 5 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Rent the Runway (RENT)?

A

The latest analyst rating for Rent the Runway (NASDAQ:RENT) was provided by JMP Securities, and Rent the Runway reiterated their market outperform rating.

Q

When was the last upgrade for Rent the Runway (RENT)?

A

There is no last upgrade for Rent the Runway

Q

When was the last downgrade for Rent the Runway (RENT)?

A

The last downgrade for Rent the Runway Inc happened on January 17, 2024 when Piper Sandler changed their price target from $2 to $0.75 for Rent the Runway Inc.

Q

When is the next analyst rating going to be posted or updated for Rent the Runway (RENT)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rent the Runway, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Rent the Runway was filed on December 10, 2024 so you should expect the next rating to be made available sometime around December 10, 2025.

Q

Is the Analyst Rating Rent the Runway (RENT) correct?

A

While ratings are subjective and will change, the latest Rent the Runway (RENT) rating was a reiterated with a price target of $40.00 to $40.00. The current price Rent the Runway (RENT) is trading at is $8.30, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.