- 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.
Steve Cohen Quietly Setting Up Crypto-only Asset Manager
https://blockworks.co/steve-cohen-building-out-crypto-investment-firm/
