These Analysts Boost Their Forecasts On RealReal Following Better-Than-Expected Q3 Results

Core Insights - The RealReal, Inc. reported better-than-expected third-quarter financial results, with an adjusted loss of 4 cents per share, surpassing the consensus estimate of a 6 cents loss [1] - The company achieved sales of $173.57 million, exceeding the consensus estimate of $170.51 million [1] - The RealReal raised its full-year sales guidance to a range of $687 million to $690 million, up from the previous range of $667 million to $674 million [2] Financial Performance - The RealReal's fourth-quarter sales are expected to be between $188 million and $191 million, compared to the consensus estimate of $179.61 million [2] - The company reported a 20% increase in Gross Merchandise Value (GMV) and an Adjusted EBITDA that was ahead of expectations [3] Market Reaction - Following the earnings announcement, RealReal shares increased by 34.3%, trading at $15.07 [3] - Analysts have adjusted their price targets for RealReal, with BTIG analyst Marvin Fong raising the target from $11 to $15, and Baird analyst Mark Altschwager increasing it from $8 to $13 [6]