ThredUp: Results Miss And Europe Exit Draw Attention (Rating Downgrade)

Jorg Greuel/DigitalVision via Getty Images I downgraded my rating for ThredUp Inc. (NASDAQ:TDUP) stock to a Hold. TDUP is no longer deserving of a Buy, after assessing its second quarter metrics and its full-year prospects. But ThredUp's move to leave the European market will enhance its future financial profile and possibly allow for value-accretive capital allocation opportunities. This explains why a Sell rating for TDUP isn't warranted. My earlier March 7, 2024 update touched on ThredUp's performance fo ...