Goldman Sachs Maintains Buy on Rent the Runway, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexandra Steiger maintains a Buy rating on Rent the Runway (NASDAQ:RENT) but lowers the price target from $40 to $28.

April 12, 2024 | 2:13 pm
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Goldman Sachs maintains a Buy rating on Rent the Runway but reduces the price target from $40 to $28.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Rent the Runway's business model and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or expectations for the company's future performance. This mixed signal might lead to short-term uncertainty among investors, balancing optimism with caution.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100