- Jefferies analyst Ashley Helgans initiated coverage of Rent The Runway Inc (NASDAQ:RENT) with a Buy rating and $13 price target, implying an 81% upside.
- Ashley listed low consumer penetration and post-COVID event backlog to support FY22 subscriber and revenue growth of over 40% and 50%, respectively.
- Rent The Runway is an e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories.
- Price Action: RENT shares are trading higher by 27.2% at $7.20 on the last check Friday.
5 Value Stocks To Watch In The Basic Materials Sector
What are Value Stocks?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
