Rent the Runway, Inc. (RENT)
NASDAQ: RENT · IEX Real-Time Price · USD
15.00
-0.07 (-0.46%)
At close: Jul 2, 2024, 4:00 PM
14.03
-0.97 (-6.47%)
After-hours: Jul 2, 2024, 7:30 PM EDT
Rent the Runway Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Rent the Runway stock have an average target of 26.88, with a low estimate of 12 and a high estimate of 40. The average target predicts an increase of 79.20% from the current stock price of 15.00.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RENT stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 5 | 5 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 9 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Maintains $20 → $40 | Buy | Maintains | $20 → $40 | +166.67% | Jun 7, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $40 → $28 | Strong Buy | Maintains | $40 → $28 | +86.67% | Apr 12, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $40 → $20 | Buy | Maintains | $40 → $20 | +33.33% | Apr 11, 2024 |
| Piper Sandler | Piper Sandler | Buy → Hold Downgrades $40 → $15 | Buy → Hold | Downgrades | $40 → $15 | n/a | Jan 17, 2024 |
| Wells Fargo | Wells Fargo | Buy → Hold Downgrades $12 | Buy → Hold | Downgrades | $12 | -20.00% | Jan 16, 2024 |
Financial Forecast
Revenue This Year
313.34M
from 298.20M
Increased by 5.08%
Revenue Next Year
330.89M
from 313.34M
Increased by 5.60%
EPS This Year
-21.13
from -33.12
EPS Next Year
-21.78
from -21.13
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 325.5M | 342.3M | 372.1M |
| Avg | 313.3M | 330.9M | 361.5M |
| Low | 297.0M | 316.4M | 347.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.2% | 9.2% | 12.5% |
| Avg | 5.1% | 5.6% | 9.2% |
| Low | -0.4% | 1.0% | 5.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -20.19 | -22.02 | -14.39 |
| Avg | -21.13 | -21.78 | -13.97 |
| Low | -21.77 | -21.31 | -13.43 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.