ThredUp (NASDAQ:TDUP) gained in morning trading on Monday after pointing to significant upside for the online consignment and thrift stock ahead of the company’s Q1 earnings report.
Telsey Advisory Group views the reinvestments by ThredUp (TDUP) as healthy, particularly after it exited its international operations and sharpened the focus on a more streamlined model. The company’s proprietary platform, logistics infrastructure, and curated experience are seen as giving the retailer a distinct edge in an otherwise fragmented space. The lack of tariff exposure and potential to benefit from increased apparel prices were also called out as positive factors. Supported by favorable secular trends and a differentiated operating model, the firm backed its bull rating and raised its price target to $6 from $3.
To view the full article, please click on the following link:
Visit Content