Rent the Runway, Inc. (RENT)
NASDAQ: RENT · Real-Time Price · USD
10.56
+0.71 (7.21%)
Nov 5, 2024, 11:10 AM EST - Market open
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 27.63, with a low estimate of 12 and a high estimate of 40. The average target predicts an increase of 161.65% from the current stock price of 10.56.
Analyst Consensus: Buy
* Price targets were last updated on Sep 6, 2024.
Analyst Ratings
The average analyst rating for RENT stock from 8 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 5 | 5 | 5 | 5 | 5 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 10 | 10 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $34 → $26 | Strong Buy | Maintains | $34 → $26 | +146.21% | Sep 6, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $20 → $40 | Buy | Maintains | $20 → $40 | +278.79% | Jun 7, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $40 → $28 | Strong Buy | Maintains | $40 → $28 | +165.15% | Apr 12, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $40 → $20 | Buy | Maintains | $40 → $20 | +89.39% | Apr 11, 2024 |
| Piper Sandler | Piper Sandler | Buy → Hold Downgrades $40 → $15 | Buy → Hold | Downgrades | $40 → $15 | +42.05% | Jan 17, 2024 |
Financial Forecast
Revenue This Year
314.26M
from 298.20M
Increased by 5.39%
Revenue Next Year
333.49M
from 314.26M
Increased by 6.12%
EPS This Year
-19.27
from -33.12
EPS Next Year
-18.26
from -19.27
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 325.5M | 344.1M | 360.7M |
| Avg | 314.3M | 333.5M | 350.4M |
| Low | 300.1M | 319.7M | 336.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.2% | 9.5% | 8.2% |
| Avg | 5.4% | 6.1% | 5.1% |
| Low | 0.6% | 1.7% | 0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -19.64 | -16.87 | -18.04 |
| Avg | -19.27 | -18.26 | -17.52 |
| Low | -18.70 | -19.34 | -16.84 |
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.