Wells Fargo (NYSE:WFC) analyst Ike Boruchow maintained a Buy rating on RealReal (NASDAQ:REAL) on Wednesday, setting a price target of $35, which is approximately 103.37% above the present share price of $17.21.
Boruchow expects RealReal to post earnings per share (EPS) of -$0.62 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in RealReal, with an average price target of $45.6.
The analysts price targets range from a high of $171.38 to a low of $26.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $98.82 million and a net profit of -$52.77 million. The company's market cap is $1.56 billion.
According to TipRanks.com, Wells Fargo analyst Ike Boruchow is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.4% and a 53.85% success rate.
The RealReal, Inc. is an online luxury consignment site, which engages in the consignment of luxury goods across multiple categories, including women's, men's, kids', jewelry, and watches, and home and art. The firm sells pieces from designers such as Cartier, Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada (OTC:PRDSY), Rolex, Tiffany & Co., and Valentino. The company was founded by Julie Wainwright and Marcy Carmack in March 2011 and is headquartered in San Francisco, CA.