Rent the Runway, Inc. (RENT)
NASDAQ: RENT · IEX Real-Time Price · USD
0.572
-0.018 (-3.07%)
Nov 30, 2023, 12:22 PM EST - Market open
Rent the Runway Stock Forecast
RENT's stock price has decreased by -53.21% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
According to 6 stock analysts, the average 12-month stock price forecast for RENT stock stock is $3.17, which predicts an increase of 454.68%. The lowest target is $1.00 and the highest is $6.00. On average, analysts rate RENT stock stock as a buy.
Analyst Consensus: Buy
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 '23 | Jul '23 | Aug '23 | Sep '23 | Oct '23 | Nov '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Buy | 5 | 5 | 5 | 4 | 4 | 4 |
| Hold | 4 | 4 | 4 | 5 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 10 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Telsey Advisory Group | Telsey Advisory Group | Hold Reiterates $1 | Hold | Reiterates | $1 | +74.98% | Nov 29, 2023 |
| Barclays | Barclays | Buy Maintains $4 → $3 | Buy | Maintains | $4 → $3 | +424.93% | Sep 11, 2023 |
| Wells Fargo | Wells Fargo | Buy Maintains $8 → $4 | Buy | Maintains | $8 → $4 | +599.91% | Sep 11, 2023 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $4 → $1 | Hold | Maintains | $4 → $1 | +74.98% | Sep 11, 2023 |
| Piper Sandler | Piper Sandler | Buy Maintains $6 → $4 | Buy | Maintains | $6 → $4 | +599.91% | Sep 11, 2023 |
Financial Forecast
Revenue This Year
302.74M
from 296.40M
Increased by 2.14%
Revenue Next Year
321.00M
from 302.74M
Increased by 6.03%
EPS This Year
-1.68
from -2.16
EPS Next Year
-1.35
from -1.68
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 313.7M | 344.5M | 407.4M |
| Avg | 302.7M | 321.0M | 373.1M |
| Low | 290.2M | 289.1M | 316.5M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 5.8% | 13.8% | 26.9% |
| Avg | 2.1% | 6.0% | 16.2% |
| Low | -2.1% | -4.5% | -1.4% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -1.50 | -0.88 | -0.68 |
| Avg | -1.68 | -1.35 | -0.99 |
| Low | -1.71 | -1.69 | -1.22 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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.