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Rent the Runway Inc has a consensus price target of $11.11 based on the ratings of 15 analysts. The high is $40 issued by JMP Securities on June 7, 2024. The low is $0.6 issued by Wells Fargo on January 16, 2024. The 3 most-recent analyst ratings were released by Jefferies, JMP Securities, and Goldman Sachs on September 6, 2024, June 7, 2024, and April 12, 2024, respectively. With an average price target of $31.33 between Jefferies, JMP Securities, and Goldman Sachs, there's an implied 251.27% upside for Rent the Runway Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Rent the Runway (NASDAQ:RENT) was reported by Jefferies on September 6, 2024. The analyst firm set a price target for $26.00 expecting RENT to rise to within 12 months (a possible 166.67% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Rent the Runway (NASDAQ:RENT) was provided by Jefferies, and Rent the Runway maintained their buy rating.
There is no last upgrade for Rent the Runway
The last downgrade for Rent the Runway Inc happened on January 17, 2024 when Piper Sandler changed their price target from $2 to $0.75 for Rent the Runway Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rent the Runway, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Rent the Runway was filed on September 6, 2024 so you should expect the next rating to be made available sometime around September 6, 2025.
While ratings are subjective and will change, the latest Rent the Runway (RENT) rating was a maintained with a price target of $34.00 to $26.00. The current price Rent the Runway (RENT) is trading at is $9.75, which is out of the analyst’s predicted range.
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