tiprankstipranks
Blurbs

Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Redbubble Ltd. (OtherRDBBF), Poshmark (POSH) and Warby Parker (WRBY)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Redbubble Ltd. (RDBBFResearch Report), Poshmark (POSHResearch Report) and Warby Parker (WRBYResearch Report).

Redbubble Ltd. (RDBBF)

In a report released today, Timothy Piper from UBS maintained a Buy rating on Redbubble Ltd., with a price target of A$1.60. The company’s shares closed last Tuesday at $1.01, close to its 52-week low of $0.53.

According to TipRanks.com, Piper is ranked 0 out of 5 stars with an average return of -33.2% and a 9.1% success rate. Piper covers the Consumer Goods sector, focusing on stocks such as Temple & Webster Group Ltd, G.U.D. Holdings, and Kogan.com Ltd.

Redbubble Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of $0.97.

See Insiders’ Hot Stocks on TipRanks >>

Poshmark (POSH)

In a report released yesterday, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Poshmark, with a price target of $14.00. The company’s shares closed last Tuesday at $13.42.

According to TipRanks.com, Devitt is a 5-star analyst with an average return of 9.9% and a 46.1% success rate. Devitt covers the Technology sector, focusing on stocks such as Alphabet Class A, Clear Secure, and Coursera.

The word on The Street in general, suggests a Hold analyst consensus rating for Poshmark with a $14.57 average price target, representing a 5.7% upside. In a report issued on August 11, JMP Securities also maintained a Hold rating on the stock.

Warby Parker (WRBY)

Stifel Nicolaus analyst Jim Duffy maintained a Hold rating on Warby Parker yesterday and set a price target of $15.00. The company’s shares closed last Tuesday at $17.92, close to its 52-week low of $10.86.

According to TipRanks.com, Duffy is a 5-star analyst with an average return of 9.3% and a 56.6% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Wolverine World Wide, and Lululemon Athletica.

Currently, the analyst consensus on Warby Parker is a Moderate Buy with an average price target of $18.29, a 9.2% upside from current levels. In a report issued on August 11, Evercore ISI also maintained a Hold rating on the stock with a $16.00 price target.

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.

Read More on RDBBF:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More