William Blair analyst Dylan Carden has maintained their bullish stance on TDUP stock, giving a Buy rating on October 27.
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Dylan Carden has given his Buy rating due to a combination of factors that highlight thredUP’s strong performance and strategic positioning. The company has demonstrated a significant turnaround by exceeding expectations in revenue and earnings for three consecutive quarters. This success is attributed to its strategic exit from the European market and its ability to navigate potential tariff impacts, positioning thredUP as a resilient player in the apparel retail sector.
Moreover, thredUP’s innovative initiatives, such as AI-enhanced search capabilities and targeted marketing investments, have led to a notable increase in customer acquisition and conversion rates. These improvements suggest a sustainable momentum rather than a temporary recovery. Despite the stretched valuation, Carden believes that thredUP’s ability to balance growth and profitability will continue to drive revenue expectations, supported by its competitive advantages and strategic investments over the years.
In another report released on October 27, Telsey Advisory also maintained a Buy rating on the stock with a $12.00 price target.