Will ThredUp’s (TDUP) Resale Marketplace Maintain Its Momentum After 400% Rally?

Core Insights - ThredUp Inc. (NASDAQ:TDUP) is experiencing significant momentum in the SMID-cap stock category for 2025, with a reaffirmed Buy rating and a price target of $11 from analyst Matt Koranda [1][2] Financial Performance - In Q3 2025, ThredUp's revenue increased by 34% year-over-year to $82.2 million, exceeding street estimates by 6% [2] - The company achieved a record 54% year-over-year growth in new buyers and a 26% increase in trailing twelve-month active buyers [3] - Gross margin improved by 10 basis points to 79.4%, while adjusted EBITDA margin expanded to 4.6%, up from 0.5% in Q3 2024 [3] Guidance and Projections - Management raised Q4 revenue expectations by $3 million to a range of $76-$78 million, surpassing the consensus of $74.7 million [4] - Full-year 2025 revenue guidance was also increased to $307-$309 million, reflecting an 18% year-over-year growth and standing 2% above the consensus midpoint [4] Market Position - ThredUp's stock has surged over 400% year-to-date as of November 20, with a strong Buy-rated consensus and a 1-year median price target indicating an upside of 80% [5]