Rent the Runway Likely To Post Narrower Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Rent the Runway, Inc. (NASDAQ:RENT) is expected to report a narrower Q2 2023 loss of 43 cents per share, compared to a loss of 53 cents per share in the same period last year. The company's revenue is projected to be $78.25 million, slightly up from $76.5 million in the year-ago period. The company's shares gained 3.7% to $1.41 in the after-hours trading session. Analysts from Piper Sandler, Barclays, Goldman Sachs, and Credit Suisse have recently updated their ratings and price targets for the company.
September 08, 2023 | 5:58 am
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Rent the Runway is expected to report a narrower Q2 2023 loss and slightly higher revenue. The company's shares gained 3.7% in after-hours trading. Analysts have recently updated their ratings and price targets for the company.
The expected narrower loss and slightly higher revenue for Q2 2023 are positive indicators for Rent the Runway. The recent gain in the company's shares and the updated ratings and price targets from analysts also suggest a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100