ThredUp, the online consignment and thrift store company, saw its price target raised by Wells Fargo, a notable boost for the company's stock (TDUP, Financial). The investment firm maintained its "Overweight" rating on the stock while increasing the price target from $6.00 to $7.50.
The upgrade came from Wells Fargo analyst Ike Boruchow, who adjusted the price target of ThredUp (TDUP, Financial) to $7.50, reflecting a significant 25% increase from the previous target of $6.00. This adjustment underscores a positive outlook on the company's market performance.
Currently trading on NASDAQ, ThredUp (TDUP, Financial) continues to secure its position as a leading name in the online resale apparel market, with the current positive sentiment reflecting confidence among analysts and investors alike.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for ThredUp Inc (TDUP, Financial) is $7.25 with a high estimate of $7.50 and a low estimate of $7.00. The average target implies an upside of 63.29% from the current price of $4.44. More detailed estimate data can be found on the ThredUp Inc (TDUP) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, ThredUp Inc's (TDUP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ThredUp Inc (TDUP, Financial) in one year is $1.91, suggesting a downside of 56.98% from the current price of $4.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ThredUp Inc (TDUP) Summary page.
