UPDATE: Morgan Stanley Initiates Coverage of Rent the Runway Inc (RENT) at Overweight with MDD Growth and a Unique Competitive Moat
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Street Bullish on Rent the Runway (RENT), Shares Rally After Disappointing IPO Performance
November 22, 2021 11:41 AM ESTRent the Runway (NASDAQ: RENT) received nearly unanimous bullish recommendations from Street analysts today after the clothing rental company went public last month.
RENT raised $357 million after pricing its shares at $21 each. On the market debut, RENT shares opened around 10% higher before slipping to close at $19.29.
RENT stock price slipped further lower in the meantime to close at $16.20 on Friday.
However, RENT... More
Credit Suisse Starts Rent the Runway Inc (RENT) at Outperform
November 22, 2021 4:06 AM ESTCredit Suisse analyst Michael Binetti initiates coverage on Rent the Runway Inc (NASDAQ: RENT) with a Outperform rating and a price target of $20.00.
The analyst comments "Strategy Changes Reposition RENT for More Profitable Growth: RENT recently replaced its costly Unlimited monthly subscriptions with fixed-items/month subscription... More
Piper Sandler Starts Rent the Runway Inc (RENT) at Overweight
November 22, 2021 3:26 AM ESTPiper Sandler analyst Erinn Murphy initiates coverage on Rent the Runway Inc (NASDAQ: RENT) with a Overweight rating and a price target of $22.00.
For an analyst ratings summary and ratings history on Rent the Runway Inc... More
UPDATE: KeyBanc Starts Rent the Runway Inc (RENT) at Overweight
November 22, 2021 3:19 AM EST(Updated - November 22, 2021 4:31 AM EST)
KeyBanc analyst Edward Yruma initiates coverage on Rent the Runway Inc (NASDAQ: RENT) with a Overweight rating and a price target of $21.00.
The analyst comments "Rent the Runways logistics network, brand relationships, and personalization technology... More
Barclays Starts Rent the Runway Inc (RENT) at Overweight
November 22, 2021 3:17 AM ESTBarclays analyst Ross Sandler initiates coverage on Rent the Runway Inc (NASDAQ: RENT) with a Overweight rating and a price target of $25.00.
For an analyst ratings summary and ratings history on Rent the Runway Inc... More
UPDATE: JMP Securities Starts Rent the Runway Inc (RENT) at Market Outperform
November 22, 2021 2:32 AM EST(Updated - November 22, 2021 4:18 AM EST)
JMP Securities analyst Andrew Boone initiates coverage on Rent the Runway Inc (NASDAQ: RENT) with a Market Outperform rating and a price target of $21.00.
The analyst comments "With a strong product market fit, we think... More
UPDATE: Goldman Sachs Starts Rent the Runway Inc (RENT) at Buy
November 22, 2021 12:39 AM EST(Updated - November 22, 2021 4:36 AM EST)
Goldman Sachs analyst Eric Sheridan initiates coverage on Rent the Runway Inc (NASDAQ: RENT) with a Buy rating and a price target of $25.00.
The analyst comments "We are initiating coverage of RENT with a Buy rating and a $25 12-month PT. RENT is the leader in the subscription-based effort to... More
