RealReal price target lowered to $2 from $3 at Piper Sandler

Piper Sandler analyst Edward Yruma lowered the firm’s price target on RealReal to $2 from $3 and keeps a Neutral rating on the shares post the Q4 results. RealReal continues to make progress towards breakeven EBITDA in 2024, and seems to have sufficient runway, "but we find it hard to construct a more bullish near- and medium-term investment case," the analyst tells investors in a research note.