
thredUP (TDUP) Stock Forecast & Price Target
thredUP (TDUP) Analyst Ratings
Bulls say
ThredUp Inc. has demonstrated a substantial growth trajectory, highlighted by a 32% year-over-year increase in customer volume and a 7% rise in Gross Merchandise Volume (GMV) for Q3. The company's gross margin is projected to improve to a range of 75.9%-76.1% for 4Q24, reflecting stronger operational efficiency compared to prior forecasts. Furthermore, positive trends in customer acquisition and repeat purchase rates, along with enhanced processing capabilities, position ThredUp favorably for continuing revenue acceleration moving forward.
Bears say
ThredUp Inc. is anticipated to experience a significant revenue decline, with projected total revenues of $67.2 million for the current period, representing a 17.5% decrease from the previous year's sales of $81.4 million. The company's margins are also under pressure, as management has guided to a lower margin range of 77.0%-79.0%, down from last year's margin of 79.7%, which could hinder profitability in a challenging market environment. Additionally, a sharp decline in product revenue, reported at 55.8% year-over-year, highlights the ongoing difficulties the company faces amidst intensified macroeconomic pressures and decreased demand in the recommerce sector.
This aggregate rating is based on analysts' research of thredUP and is not a guaranteed prediction by Public.com or investment advice.
thredUP (TDUP) Analyst Forecast & Price Prediction
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