UPDATE: Jefferies Starts ThredUp Inc. (TDUP) at Buy
Get Alerts TDUP Hot Sheet
Rating Summary:
9 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 4
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Jefferies analyst Ashley Helgans initiates coverage on ThredUp Inc. (NASDAQ: TDUP) with a Buy rating and a price target of $13.00.
The analyst comments "ThredUp is uniquely positioned in the resale industry as the only managed marketplace for mass apparel & footwear. Robust secular tailwinds are fueling 30% industry growth, and inflationary pressures may result in an additional boost. Its infrastructure creates a wide competitive moat and is set to scale. Retail-as-a-Service offering is differentiated and has potential to drive significant upside to models with its SAAS-like margins. Initiate at Buy, $13 PT."
For an analyst ratings summary and ratings history on ThredUp Inc. click here. For more ratings news on ThredUp Inc. click here.
Shares of ThredUp Inc. closed at $7.28 yesterday.
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