ThredUp Sews Up Multiple Bull Ratings, May Have a 32% Upside

Rhian Hunt, The Motley Fool
·2-min read
ThredUp Sews Up Multiple Bull Ratings, May Have a 32% Upside

Analysts are taking a sunny view of the prospects before ThredUp (NASDAQ: TDUP), an online secondhand fashion marketplace operator whose March 26 initial public offering saw first-day share prices jump 29%. The company, which currently has a market capitalization of approximately $1.5 billion, is getting lots of positive coverage this week as multiple Wall Street analysts launch coverage. Yesterday, Barclays weighed in with a $19 price target, an overweight rating, and a bullish research note comparing the company to tech and retail giant Amazon.