tiprankstipranks
Rent The Runway execution driving better results, says Piper Sandler
The Fly

Rent The Runway execution driving better results, says Piper Sandler

Piper Sandler keeps an Overweight rating on Rent The Runway with a $6 price target after the company’s Q4 revenue beat expectations. Continued improvements in Rent the Runway’s execution are driving better results, the analyst tells investors in a research note. The firm is "particularly constructive" on the extra item launched on March 6 as it believes it will help improve customer retention because it offers more value. Rent The Runway’s guidance of active subscriber growth of 25%-plus seems reasonable and demonstrates a better balance between growth and cash burn, contends Piper.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on RENT:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles