Wells Fargo Maintains Equal-Weight on RealReal, Raises Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on RealReal (NASDAQ:REAL) and increased the price target from $2 to $4. This adjustment reflects a more optimistic outlook for the company's stock.
May 08, 2024 | 2:24 pm
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Wells Fargo has maintained an Equal-Weight rating on RealReal but raised the price target from $2 to $4, indicating a positive reassessment of the company's stock value.
The increase in price target from $2 to $4 by Wells Fargo suggests a more optimistic view on RealReal's future performance and potential for growth. This could lead to increased investor confidence and potentially a short-term increase in stock price, given the positive signal from a reputable financial institution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100