The Latest Analyst Ratings for Rent the Runway
Portfolio Pulse from Benzinga Insights
Over the past quarter, Rent the Runway (NASDAQ:RENT) received 7 analyst ratings, with 4 being somewhat bullish and 3 indifferent. No bullish or bearish ratings were given. The average 12-month price target for RENT is $2.57, with a high of $4.00 and a low of $1.00, representing a 49.61% decrease from the previous target of $5.10.
November 29, 2023 | 1:00 pm
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NEUTRAL IMPACT
Rent the Runway has an updated average analyst price target of $2.57, indicating a significant decrease from the previous target of $5.10. The ratings are somewhat bullish to indifferent, with no strong bullish or bearish sentiments.
The lack of strongly bullish or bearish ratings and the significant decrease in the price target may lead to a neutral short-term impact on RENT's stock price. The ratings suggest analysts are cautious but not negative, which could lead to a balanced market reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100