Piper Sandler analyst Edward Yruma maintained a Hold rating on RealReal (REAL – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $1.77.
Yruma covers the Consumer Cyclical sector, focusing on stocks such as TJX Companies, Target, and Burlington Stores. According to TipRanks, Yruma has an average return of 10.7% and a 52.77% success rate on recommended stocks.
In addition to Piper Sandler, RealReal also received a Hold from KeyBanc’s Ashley Owens in a report issued today. However, on the same day, Needham maintained a Buy rating on RealReal (NASDAQ: REAL).
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Based on RealReal’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $133.17 million and a GAAP net loss of $22.95 million. In comparison, last year the company earned a revenue of $154.44 million and had a GAAP net loss of $53.17 million
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RealReal (REAL) Company Description:
The RealReal, Inc. is an online luxury consignment site, which engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids’, jewelry, and watches, and home and art. The firm sells pieces from designers such as Cartier, Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Rolex, Tiffany & Co., and Valentino. The company was founded by Julie Wainwright and Marcy Carmack in March 2011 and is headquartered in San Francisco, CA.
Read More on REAL:
- RealReal’s Strategic Note Exchange and Warrant Issuance
- The RealReal Announces Fourth Quarter and Full Year 2023 Results
- RealReal Announces Board Reshuffle and New Chairperson
- RealReal names Gopal as CFO, Katz as Chairperson of board of directors
- The RealReal Announces Timing of Its Fourth Quarter and Full Year 2023 Earnings Conference Call
