UPDATE: Cowen Starts Poshmark (POSH) at Outperform

February 8, 2021 6:01 AM EST
Get Alerts POSH Hot Sheet
Price: $40.46 -4.71%

Rating Summary:
    5 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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(Updated - February 8, 2021 6:18 AM EST)

Cowen analyst Oliver Chen initiates coverage on Poshmark (NASDAQ: POSH) with an Outperform rating and a price target of $88.00.

The analyst commented, "POSH’s intersection between re-commerce, social media, and digital marketplace models underpins the platform’s high engagement, sticky community, and customer retention that collectively drive a competitive and data advantage. A strong flywheel model drives a +20-30% top line and +40-50% bottom line growth algorithm, in Cowen's view."

For an analyst ratings summary and ratings history on Poshmark click here. For more ratings news on Poshmark click here.

Shares of Poshmark closed at $69.21 yesterday.

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