Wells Fargo Keeps a Buy Rating on RealReal (REAL)

Wells Fargo analyst Ike Boruchow maintained a Buy rating on RealReal (REAL) on May 3 and set a price target of $35.00. The company’s shares closed last Thursday at $22.18.

According to TipRanks.com, Boruchow is a 4-star analyst with an average return of 9.2% and a 55.9% success rate. Boruchow covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Burlington Stores, and Signet Jewelers.

RealReal has an analyst consensus of Moderate Buy, with a price target consensus of $30.38, a 26.7% upside from current levels. In a report issued on May 4, Piper Sandler also maintained a Buy rating on the stock with a $33.00 price target.

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The company has a one-year high of $30.22 and a one-year low of $11.43. Currently, RealReal has an average volume of 2.03M.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of REAL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The RealReal, Inc. is an online luxury consignment site, which engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids’, jewelry, and watches, and home and art. The firm sells pieces from designers such as Cartier, Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Rolex, Tiffany & Co., and Valentino. The company was founded by Julie Wainwright and Marcy Carmack in March 2011 and is headquartered in San Francisco, CA.

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