UPDATE: Jefferies Starts The RealReal Inc. (REAL) at Buy

Jefferies analyst Ashley Helgans initiates coverage on The RealReal Inc. (NASDAQ: REAL) with a Buy rating and a price target of $13.00.

The analyst comments "The RealReal is transforming the outdated and fragmented luxury consignment model with a marketplace that promotes recirculation of luxury goods. Annual sales growth in the +30% range is supported by robust industry tailwinds, rising prices in the firsthand luxury market, and widespread inflation. Profitability expected by FY24 due to continued topline growth, scale, and cost discipline. Initiate at Buy, $13 PT."

For an analyst ratings summary and ratings history on The RealReal Inc. click here. For more ratings news on The RealReal Inc. click here.

Shares of The RealReal Inc. closed at $7.27 yesterday.

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