In a report released today, Trevor Young from Barclays maintained a Buy rating on thredUP (TDUP – Research Report), with a price target of $5.00. The company’s shares closed last Friday at $3.04.
Young covers the Consumer Cyclical sector, focusing on stocks such as Etsy, Revolve Group, and Chewy. According to TipRanks, Young has an average return of -6.4% and a 43.44% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for thredUP with a $4.00 average price target.
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Based on thredUP’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $53.42 million and a GAAP net loss of $18.76 million. In comparison, last year the company earned a revenue of $48.54 million and had a GAAP net loss of $28.4 million
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thredUP (TDUP) Company Description:
ThredUp Inc is an online resale platform for women and kids apparel, shoes, and accessories. It generates revenue from items that are sold to buyers through the website, mobile app, and RaaS partners.
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