ThredUp Inc. [TDUP] Stock Forecast

ThredUp Inc. move to place a stronger emphasis on more well-to-do consumers should allow it to maintain robust top line expansion even if the economy weakens. ThredUp thinks it can achieve EBITDA breakeven in Q4 2023 and generate positive EBITDA for full-year FY 2023. I change my rating for ThredUp Inc. to a Buy, as I think that its undemanding valuations aren't reflective of its decent revenue growth and operating profitability improvement.

For millions, shopping thrift has become second nature. And this demand is altering what secondhand represents to many, as prices climb and outlets become saturated.

OAKLAND, Calif., Aug. 30, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that CEO and co-founder James Reinhart and CFO Sean Sobers will participate in the following investor conferences:

ThredUP topped estimates and showed signs that its cost-cutting efforts were paying off. The company is still significantly unprofitable and has a long way to go before it's growing and profitable.

ThredUp is well-positioned to capture growth in the US soft lines resale market, which is expected to grow at a CAGR of approximately 30% by 2027. The acquisition of Remix has expanded ThredUp's total addressable market and provides access to the $24.7 billion European secondhand and resale market. The Company's Retail-as-a-Service Strategy provides another revenue stream, with the potential to boost consignment sales in the long term as brands switch their RaaS business to a consignment model.

OAKLAND, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the second quarter ended June 30, 2023 will be released on Tuesday, August 8, 2023 after the close of the U.S. markets. thredUP will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

ThredUp Inc. (NASDAQ:TDUP ) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET Company Participants Lauren Frasch - Head, IR James Reinhart - CEO and Co-Founder Sean Sobers - CFO Conference Call Participants Ike Boruchow - Wells Fargo Tom Nikic - Wedbush Dylan Carden - William Blair Anna Andreeva - Needham & Company Alexandra Steiger - Goldman Sachs Trevor Young - Barclays Rick Patel - Raymond James Ed Yruma - Piper Sandler Lauren Schenk - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the thredUP Q1 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded today, Tuesday, May 9, 2023.

ThredUp is listing on the Long Term Stock Exchange, which is designed to promote sustainable principles and a long-term focus among investors and businesses.

OAKLAND, Calif., April 11, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the first quarter ended March 31, 2023 will be released on Tuesday, May 9, 2023 after the close of the U.S. markets. thredUP will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

The handbag and accessory brand Patricia Nash is now using thredUP's Resale-as-a-Service (RaaS) offering. With the launch of its new Rediscovered program, Patricia Nash joins 40 other brands offering resale programs through the fashion resale site's RaaS offering, Patricia Nash said in a Monday (April 10) press release.

ThredUp Inc. is a US stock , located in Oakland of Ca and trading under the symbol TDUP

4 stock analysts have 4 predictions with a medium analyst target price of $4. The lowest prediction is $3 and the highest is $5

ThredUp Inc. stock price is $3.92 today.

Yes, ThredUp Inc. is a publicly traded company.