RealReal price target raised to $11 from $9 at BTIG

BTIG raised the firm’s price target on RealReal (REAL) to $11 from $9 and keeps a Buy rating on the shares. The firm has surveyed about 750 people who have made a purchase on RealReal in the past 12 months about their luxury resale preferences and future intentions and comes away incrementally confident in its standing with consumers as over 80% of respondents indicated that The RealReal was either their first or second most used site for buying second-hand luxury goods, the analyst tells investors in a research note.