“We are encouraged by management's focus on positive free cash flow via achieving breakeven quarterly adjusted EBITDA in the back half of 2023 along with substantially lower capex requirements but remain Sector Weight awaiting further signs of execution on plan amid a challenging macro environment.” “TDUP noted cautious optimism regarding a more predictable budget consumer, with FY23 guidance pointing to meaningful improvement in 2H23,” Keybanc analyst Noah Zatkin acknowledged. For example, Keybanc maintained a Hold-equivalent, remaining cautious on company execution. That said, there remained a modicum of caution among many analysts. “We think it's too early to call for consumer demand stabilization, but TDUP is controlling the controllables, with unit economics improving and better automation driving profitability gains,” she concluded. Needham analyst Anna Andreeva assigned the Street high target of $5. Nikic was joined in bullishness by analysts at Raymond James, Needham Securities, and Wells Fargo all of whom assigned the stock a Buy-equivalent rating. Nikic rated the stock at Outperform and assigned a $3 price target, suggesting continued upside to shares even after Tuesday’s pop. He told clients that the “risk/reward is highly skewed to the upside” with momentum likely to build on the back of these results. “With easier compares ahead and macro pressure potentially easing, TDUP could see a strong reacceleration of top-line trends, and we remain encouraged by their confidence in the path to profitability.” “While they're not out of the woods yet, we'd assume that they have visibility into Q1 (since we're 10 weeks in), so the implied improvement in YoY growth relative to Q4 (when normalizing for the breakage benefit) is encouraging,” Wedbush analyst Tom Nikic wrote in a review of the results. Management forecast better than expected revenue for the full-year while charting a potential path to profitability in the second half of the year. The Oakland-based e-commerce company posted a beat on top and bottom lines for the quarter and forecast continued improvement into 2023. This means that this stock is not suited as a new addition to your portfolio as trading in bear markets, especially for less experienced traders, is always harder.ThredUp TDUP stock soared on Tuesday after analysts applauded the company’s Q4 earnings results. This means that if you invested $100 now, your current investment may be worth 0$ on 2024 June 12, Wednesday. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks.įuture price of the stock is predicted at 0$ ( -100% ) after a year according to our prediction system. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if TDUP could be a bad portfolio addition. ThredUp Inc - Class A stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. 1 year ThredUp Inc - Class A Forecast: 0 USD * About the ThredUp Inc – Class A stock forecastĪs of 2023 June 12, Monday current price of TDUP stock is 2.505$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception).
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