The RealReal (REAL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The mean of analysts' price targets for The RealReal (REAL) points to a 52.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
RealReal NASDAQ: REAL reported second-quarter results that included record gross merchandise value and higher profitability, prompting the luxury resale marketplace to raise its full-year outlook.
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Rati Sahi Levesque CEO | XMUN Exchange | US88339P1012 ISIN |
| US Country | 3,140 Employees | - Last Dividend | - Last Split | 28 Jun 2019 IPO Date |
The RealReal, Inc. is a pioneering force in the online resale market for luxury goods, offering a comprehensive platform for individuals in the United States to buy and sell pre-owned luxury items. Since its establishment in 2011, The RealReal has successfully bridged the gap between sustainability and luxury fashion, catering to a growing audience keen on both. Headquartered in the vibrant city of San Francisco, California, the company has expanded its presence beyond the digital realm, operating retail stores that complement its online marketplace. This business model not only facilitates the tactile experience of luxury shopping but also enhances the authenticity and trust in transactions, pivotal for the high-end goods market.
The RealReal, Inc. extends its expertise across a variety of product categories to accommodate the diverse preferences and needs of its customer base. These include: