Rent the Runway (RENT) Stock Forecast & Price Target

$10.90

-4.18 (-27.72%)

(As of 09/6/2024 ET)

Rent the Runway - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Rent the Runway in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 5 have given a hold rating, and 4 have given a buy rating for RENT.

Consensus Price Target

$25.13
130.50% Upside

High Forecast	$40.00
Average Forecast	$25.13
Low Forecast	$12.00

According to the 9 analysts' twelve-month price targets for Rent the Runway, the average price target is $25.13. The highest price target for RENT is $40.00, while the lowest price target for RENT is $12.00. The average price target represents a forecasted upside of 130.50% from the current price of $10.90.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$25.13	$25.00	$25.00	$96.25
Forecasted Upside	130.50% Upside	46.35% Upside	46.35% Upside	44.78% Upside

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RENT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RENT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rent the Runway Stock vs. The Competition

Type	Rent the Runway	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.44	2.47	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	130.50% Upside	50.86% Upside	11.36% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/6/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$34.00 ➝ $26.00	+118.67%
6/7/2024	JMP Securities 2 of 5 stars		Boost Target	Market Outperform ➝ Market Outperform	$20.00 ➝ $40.00	+58.10%
4/12/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$40.00 ➝ $28.00	+9.37%
1/17/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Neutral	$40.00 ➝ $15.00	+41.27%
1/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Equal Weight	$12.00	-13.04%
12/6/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$60.00 ➝ $40.00	+199.54%
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11/29/2023	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Telsey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform ➝ Market Perform	$20.00	+70.42%
9/11/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$70.00 ➝ $20.00	+4.34%
9/8/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
12/15/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
9/13/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Binetti Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$140.00 ➝ $80.00	-18.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:22 PM ET.

RENT Forecast - Frequently Asked Questions

What is Rent the Runway's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Rent the Runway is $25.13, with a high forecast of $40.00 and a low forecast of $12.00.
Should I buy or sell Rent the Runway stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rent the Runway in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RENT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RENT, but not buy additional shares or sell existing shares.
Does Rent the Runway's stock price have much upside?: According to analysts, Rent the Runway's stock has a predicted upside of 52.89% based on their 12-month stock forecasts.
What analysts cover Rent the Runway?: Rent the Runway has been rated by research analysts at Jefferies Financial Group in the past 90 days.
Do Wall Street analysts like Rent the Runway more than its competitors?: Analysts like Rent the Runway less than other "retail/wholesale" companies. The consensus rating score for Rent the Runway is 2.44 while the average consensus rating score for "retail/wholesale" companies is 2.47. Learn more on how RENT compares to other companies.