Rent the Runway, Inc. (RENT)
NASDAQ: RENT · IEX Real-Time Price · USD
11.54
-0.53 (-4.39%)
Apr 25, 2024, 4:00 PM EDT - Market closed
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 24.38, with a low estimate of 12 and a high estimate of 40. The average target predicts an increase of 111.27% from the current stock price of 11.54.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 2 |
| Buy | 4 | 4 | 2 | 2 | 2 | 2 |
| Hold | 4 | 4 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 8 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $40 → $28 | Strong Buy | Maintains | $40 → $28 | +142.63% | Apr 12, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $40 → $20 | Buy | Maintains | $40 → $20 | +73.31% | Apr 11, 2024 |
| Piper Sandler | Piper Sandler | Buy → Hold Downgrades $40 → $15 | Buy → Hold | Downgrades | $40 → $15 | +29.98% | Jan 17, 2024 |
| Wells Fargo | Wells Fargo | Buy → Hold Downgrades $12 | Buy → Hold | Downgrades | $12 | +3.99% | Jan 16, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $70 → $40 | Strong Buy | Maintains | $70 → $40 | +246.62% | Jan 11, 2024 |
Financial Forecast
Revenue This Year
316.35M
from 298.20M
Increased by 6.09%
Revenue Next Year
368.02M
from 316.35M
Increased by 16.33%
EPS This Year
-22.58
from -33.12
EPS Next Year
-24.28
from -22.58
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 330.1M | 378.8M |
| Avg | 316.4M | 368.0M |
| Low | 300.2M | 353.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 10.7% | 19.8% |
| Avg | 6.1% | 16.3% |
| Low | 0.7% | 11.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -19.95 | -24.99 |
| Avg | -22.58 | -24.28 |
| Low | -26.85 | -23.32 |
EPS Growth
| EPS Growth | 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.