Rent the Runway

RENTNASDAQ
$14.73
-0.27-1.80%
At Close: -
$15.46
0.734.96%
After Hours: 2:15 PM EDT
15 minutes delayed
Consensus Rating1
Overweight
Highest Price Target1
$40.00
Lowest Price Target1
$0.60
Consensus Price Target1
$8.02

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

Rent the Runway Inc has a consensus price target of $8.02, established from looking at the 65 latest analyst ratings. The last 3 analyst ratings were released from JMP Securities, Goldman Sachs, and JMP Securities on June 7, 2024, April 12, 2024, and April 11, 2024. With an average price target of $29.33 between JMP Securities, Goldman Sachs, and JMP Securities, there's an implied 89.74% upside for Rent the Runway Inc from these 3 analyst ratings.

Analyst Trends and Forecast
2
Jan
0
0
0
0
Apr
0
0
0
0
Jun
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.4
Sell
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

JMP Securities
Goldman Sachs
Piper Sandler
Wells Fargo
Goldman Sachs

1calculated from analyst ratings

Analyst Ratings for Rent the Runway

Buy NowGet Alert
06/07/2024Buy Now158.73%JMP Securities
Andrew Boone
$20 → $40MaintainsMarket OutperformGet Alert
04/12/2024Buy Now81.11%Goldman Sachs
Alexandra Steiger
$40 → $28MaintainsBuyGet Alert
04/11/2024Buy Now29.37%JMP Securities
Andrew Boone
$40 → $20MaintainsMarket OutperformGet Alert
01/17/2024Buy Now-95.15%Piper Sandler
Edward Yruma
$40 → $15DowngradeOverweight → NeutralGet Alert
01/16/2024Buy Now-96.12%Wells Fargo
Ike Boruchow
→ $12DowngradeOverweight → Equal-WeightGet Alert
01/11/2024Buy Now-87.06%Goldman Sachs
Eric Sheridan
$70 → $40MaintainsBuyGet Alert
12/06/2023Buy Now-93.53%Wells Fargo
Ike Boruchow
$80 → $20MaintainsOverweightGet Alert
12/06/2023Buy Now-87.06%Barclays
Ross Sandler
$60 → $40MaintainsOverweightGet Alert
11/29/2023Buy Now-93.53%Telsey Advisory Group
Dana Telsey
→ $20ReiteratesMarket Perform → Market PerformGet Alert
09/11/2023Buy Now-80.6%Barclays
Ross Sandler
$80 → $60MaintainsOverweightGet Alert
09/11/2023Buy Now-74.13%Wells Fargo
Ike Boruchow
$160 → $80MaintainsOverweightGet Alert
09/11/2023Buy Now-93.53%Morgan Stanley
Lauren Schenk
$70 → $20MaintainsEqual-WeightGet Alert
09/11/2023Buy Now-74.13%Piper Sandler
Edward Yruma
$120 → $80MaintainsOverweightGet Alert
09/11/2023Buy Now-93.53%Telsey Advisory Group
Dana Telsey
$80 → $20DowngradeOutperform → Market PerformGet Alert
09/11/2023Buy NowRaymond James
Rick Paterson
DowngradeOutperform → Market PerformGet Alert
09/05/2023Buy Now-74.13%Telsey Advisory Group
Dana Telsey
→ $80ReiteratesOutperform → OutperformGet Alert
06/14/2023Buy Now-61.19%JMP Securities
Andrew Boone
→ $120ReiteratesMarket Outperform → Market OutperformGet Alert
06/08/2023Buy Now-61.19%Piper Sandler
Edward Yruma
→ $120MaintainsOverweightGet Alert
06/08/2023Buy Now-77.36%Morgan Stanley
Lauren Schenk
→ $70Reiterates → Equal-WeightGet Alert
06/08/2023Buy Now-67.66%Raymond James
Rick Paterson
$160 → $100MaintainsOutperformGet Alert
06/08/2023Buy Now-74.13%Telsey Advisory Group
Dana Telsey
→ $80ReiteratesOutperform → OutperformGet Alert
06/01/2023Buy Now-74.13%Telsey Advisory Group
Dana Telsey
→ $80ReiteratesOutperform → OutperformGet Alert
04/13/2023Buy Now-61.19%JMP Securities
Andrew Boone
→ $120Reiterates → Market OutperformGet Alert
04/13/2023Buy Now-74.13%Barclays
Ross Sandler
$60 → $80MaintainsOverweightGet Alert
04/13/2023Buy Now-74.13%Telsey Advisory Group
Dana Telsey
→ $80Reiterates → OutperformGet Alert
12/15/2022Buy NowWolfe Research
Greg Badishkanian
Initiates → Peer PerformGet Alert
12/13/2022Buy Now-77.36%Morgan Stanley
Lauren Schenk
$50 → $70MaintainsEqual-WeightGet Alert
12/08/2022Buy Now-80.6%Barclays
Ross Sandler
$120 → $60MaintainsOverweightGet Alert
12/08/2022Buy Now-74.13%Telsey Advisory Group
Dana Telsey
$160 → $80MaintainsOutperformGet Alert
11/18/2022Buy Now-83.83%Morgan Stanley
Lauren Schenk
$200 → $50DowngradeOverweight → Equal-WeightGet Alert
10/25/2022Buy Now-35.32%Morgan Stanley
Lauren Schenk
$260 → $200MaintainsOverweightGet Alert
09/14/2022Buy Now-61.19%Goldman Sachs
Eric Sheridan
$180 → $120MaintainsBuyGet Alert
09/13/2022Buy Now-15.91%Morgan Stanley
Lauren Schenk
$280 → $260MaintainsOverweightGet Alert
09/13/2022Buy Now-48.25%Raymond James
Rick Paterson
$180 → $160MaintainsOutperformGet Alert
09/13/2022Buy Now-61.19%JMP Securities
Andrew Boone
$240 → $120MaintainsMarket OutperformGet Alert
09/13/2022Buy Now-61.19%Barclays
Ross Sandler
$140 → $120MaintainsOverweightGet Alert
09/13/2022Buy Now-61.19%Piper Sandler
Edward Yruma
$200 → $120MaintainsOverweightGet Alert
09/13/2022Buy Now-48.25%Telsey Advisory Group
Dana Telsey
$260 → $160MaintainsOutperformGet Alert
09/13/2022Buy Now-74.13%Credit Suisse
Michael Binetti
$140 → $80DowngradeOutperform → NeutralGet Alert
07/21/2022Buy NowKeybanc
Noah Zatzkin
Initiates → Sector WeightGet Alert
06/30/2022Buy Now-41.79%Raymond James
Rick Paterson
→ $180Initiates → OutperformGet Alert
06/10/2022Buy Now-9.44%Morgan Stanley
Lauren Schenk
$440 → $280MaintainsOverweightGet Alert
06/10/2022Buy Now-22.38%Piper Sandler
Erinn Murphy
$460 → $240MaintainsOverweightGet Alert
06/10/2022Buy Now-22.38%JMP Securities
Andrew Boone
$360 → $240MaintainsMarket OutperformGet Alert
06/10/2022Buy Now-22.38%Wells Fargo
Ike Boruchow
$280 → $240MaintainsOverweightGet Alert
06/10/2022Buy Now-54.72%Barclays
Ross Sandler
$320 → $140MaintainsOverweightGet Alert
06/10/2022Buy Now-54.72%Credit Suisse
Michael Binetti
$220 → $140MaintainsOutperformGet Alert
04/18/2022Buy Now-28.85%Credit Suisse
Michael Binetti
$400 → $220MaintainsOutperformGet Alert
04/14/2022Buy Now42.3%Morgan Stanley
Lauren Schenk
$480 → $440MaintainsOverweightGet Alert
04/14/2022Buy Now-35.32%Goldman Sachs
Eric Sheridan
$500 → $200MaintainsBuyGet Alert
04/14/2022Buy Now3.49%Barclays
Ross Sandler
$500 → $320MaintainsOverweightGet Alert
04/14/2022Buy Now-9.44%Wells Fargo
Ike Boruchow
$440 → $280MaintainsOverweightGet Alert
04/14/2022Buy Now16.43%JMP Securities
Andrew Boone
$420 → $360MaintainsMarket OutperformGet Alert
04/14/2022Buy Now-15.91%Telsey Advisory Group
Dana Telsey
$420 → $260MaintainsOutperformGet Alert
03/18/2022Buy Now-15.91%Jefferies
Ashley Helgans
→ $260Initiates → BuyGet Alert
01/20/2022Buy Now3.49%Keybanc
Edward Yruma
$420 → $320MaintainsOverweightGet Alert
11/22/2021Buy Now81.11%Morgan Stanley
Lauren Schenk
→ $560Initiates → OverweightGet Alert
11/22/2021Buy Now35.83%JMP Securities
Andrew Boone
→ $420Initiates → Market OutperformGet Alert
11/22/2021Buy Now61.71%Barclays
Ross Sandler
→ $500Initiates → OverweightGet Alert
11/22/2021Buy Now42.3%Wells Fargo
Ike Boruchow
→ $440Initiates → OverweightGet Alert
11/22/2021Buy Now61.71%Goldman Sachs
Eric Sheridan
→ $500Initiates → BuyGet Alert
11/22/2021Buy Now42.3%Piper Sandler
Erinn Murphy
→ $440Initiates → OverweightGet Alert
11/22/2021Buy Now35.83%Telsey Advisory Group
Dana Telsey
→ $420Initiates → OutperformGet Alert
11/22/2021Buy Now29.37%Credit Suisse
Michael Binetti
→ $400Initiates → OutperformGet Alert
11/22/2021Buy Now35.83%Keybanc
Edward Yruma
→ $420Initiates → OverweightGet Alert

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 June 7, 2024. The analyst firm set a price target for $40.00 expecting RENT to rise to within 12 months (a possible 158.73% upside). 16 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 maintained 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 June 7, 2024 so you should expect the next rating to be made available sometime around June 7, 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 maintained with a price target of $20.00 to $40.00. The current price Rent the Runway (RENT) is trading at is $15.46, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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