Rent the Runway (RENT) Stock Forecast & Price Target

$9.38 -0.25 (-2.60%)

(As of 11/15/2024 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

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
3

Buy
4

Based on 7 Wall Street analysts who have issued ratings for Rent the Runway in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 3 have given a hold rating, and 4 have given a buy rating for RENT.

Consensus Price Target

$25.86
175.66% Upside

According to the 7 analysts' twelve-month price targets for Rent the Runway, the average price target is $25.86. 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 175.66% from the current price of $9.38.

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RENT Analyst Ratings Over Time

Type	Current Forecast 11/18/23 to 11/17/24	1 Month Ago 10/19/23 to 10/18/24	3 Months Ago 8/20/23 to 8/19/24	1 Year Ago 11/18/22 to 11/18/23
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)	4 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)
Hold	3 Hold rating(s)	3 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	$25.86	$25.86	$25.00	$68.57
Forecasted Upside	175.66% Upside	144.63% Upside	96.39% Upside	484.68% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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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	2.57	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	175.66% Upside	29.05% Upside	9.87% Upside
News Sentiment Rating	Positive News See Recent RENT News	Positive 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%
Get the Latest News and Ratings for RENT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Rent the Runway and its competitors with MarketBeat's FREE daily newsletter.
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:28 PM ET.

RENT Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Rent the Runway is $25.86, with a high forecast of $40.00 and a low forecast of $12.00.
: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rent the Runway in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RENT shares.
: According to analysts, Rent the Runway's stock has a predicted upside of 175.66% based on their 12-month stock forecasts.
: Rent the Runway has been rated by research analysts at Jefferies Financial Group in the past 90 days.
: Analysts like Rent the Runway more than other "retail/wholesale" companies. The consensus rating score for Rent the Runway is 2.57 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how RENT compares to other companies.

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This page (NASDAQ:RENT) was last updated on 11/17/2024 by MarketBeat.com Staff

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Rent the Runway (RENT) Stock Forecast & Price Target