Rent the Runway (RENT) Stock Forecast, Price Target & Predictions


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RENT Stock Forecast


Rent the Runway stock forecast is as follows: an average price target of $26.00 (represents a 219.41% upside from RENT’s last price of $8.14) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

RENT Price Target


The average price target for Rent the Runway (RENT) is $26.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $26.00 to $26.00. This represents a potential 219.41% upside from RENT's last price of $8.14.

RENT Analyst Ratings


Buy

According to 9 Wall Street analysts, Rent the Runway's rating consensus is 'Buy'. The analyst rating breakdown for RENT stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 4 'Hold' (44.44%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Rent the Runway Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 06, 2024Ashley HelgansJefferies$26.00$11.89118.67%219.41%
Jun 07, 2024Ashley HelgansJefferies$34.00$26.8126.82%317.69%
Apr 12, 2024Ashley HelgansJefferies$21.00$19.388.36%157.99%
Jun 14, 2023Andrew BooneJMP Securities$6.00$2.42147.93%-26.29%
Jun 08, 2023Dana TelseyTelsey Advisory$4.00$2.4463.93%-50.86%
Sep 13, 2022Dana TelseyTelsey Advisory$3.85$4.93-21.91%-52.70%
Jun 24, 2022Erinn MurphyPiper Sandler$12.00$3.49243.84%47.42%

The latest Rent the Runway stock forecast, released on Sep 06, 2024 by Ashley Helgans from Jefferies, set a price target of $26.00, which represents a 118.67% increase from the stock price at the time of the forecast ($11.89), and a 219.41% increase from RENT last price ($8.14).

Rent the Runway Price Target by Period


1M3M12M
# Anlaysts--3
Avg Price Target--$27.00
Last Closing Price$8.14$8.14$8.14
Upside/Downside-100.00%-100.00%231.70%

In the current month, the average price target of Rent the Runway stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Rent the Runway's last price of $8.14. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 06, 2024JefferiesBuyBuyHold
Jun 07, 2024JefferiesBuyBuyHold
Jun 07, 2024JMP SecuritiesOutperformOutperformHold
Apr 12, 2024JefferiesBuyBuyHold
Jan 17, 2024Piper SandlerOverweightNeutralDowngrade
Sep 11, 2023Telsey AdvisoryOutperformMarket PerformDowngrade
Sep 08, 2023BarclaysOverweightOverweightHold
Sep 08, 2023Goldman SachsBuyBuyHold
Sep 08, 2023Piper SandlerOverweightOverweightHold
Jun 14, 2023JMP SecuritiesMarket OutperformMarket OutperformHold
Jun 08, 2023Telsey AdvisoryOutperformOutperformHold
Apr 13, 2023Raymond JamesOutperformOutperformHold
Dec 15, 2022Wolfe ResearchPeer PerformInitialise
Dec 08, 2022Telsey AdvisoryOutperformOutperformHold
Nov 21, 2022Morgan StanleyOverweightEqual-WeightDowngrade
Sep 13, 2022Raymond JamesOutperformOutperformHold
Sep 13, 2022Piper SandlerOverweightOverweightHold
Sep 13, 2022JMP SecuritiesMarket OutperformMarket OutperformHold
Sep 13, 2022Credit SuisseNeutralDowngrade
Sep 13, 2022Morgan StanleyOverweightOverweightHold
Sep 13, 2022Telsey AdvisoryOutperformOutperformHold
Jul 22, 2022Piper SandlerOverweightOverweightHold
Jun 24, 2022Piper SandlerOverweightOverweightHold
Jun 16, 2022Morgan StanleyOverweightOverweightHold

Rent the Runway's last stock rating was published by Jefferies on Sep 06, 2024. The company gave RENT a "Buy" rating, the same as its previous rate.

Rent the Runway Financial Forecast


Rent the Runway Revenue Forecast

Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
Revenue---------$72.50M$75.70M-$75.40M$77.40M$76.50M-$64.10M$59.00M
Avg Forecast$80.10M$79.05M$83.45M$77.20M$77.60M$76.05M$77.20M$73.73M$74.46M$73.04M$78.13M$73.09M$73.50M$73.26M$73.57M$64.14M$63.29M$53.40M
High Forecast$80.10M$79.05M$83.45M$77.20M$77.60M$76.05M$77.20M$73.73M$74.46M$74.01M$78.13M$73.09M$73.50M$73.85M$74.16M$64.65M$63.80M$53.83M
Low Forecast$80.10M$79.05M$83.45M$77.20M$77.60M$76.05M$77.20M$73.73M$74.46M$72.38M$78.13M$73.09M$73.50M$72.67M$72.98M$63.63M$62.79M$52.98M
# Analysts111111113633333333
Surprise %---------0.99%0.97%-1.03%1.06%1.04%-1.01%1.10%

Rent the Runway's average Quarter revenue forecast for Jan 24 based on 3 analysts is $74.46M, with a low forecast of $74.46M, and a high forecast of $74.46M. RENT's average Quarter revenue forecast represents a 2.70% increase compared to the company's last Quarter revenue of $72.50M (Oct 23).

Rent the Runway EBITDA Forecast

Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
# Analysts111111113633333333
EBITDA---------$-37.80M$-32.50M-$9.20M$10.90M$-400.00K-$-31.90M$-56.50M
Avg Forecast$-13.32M$-13.14M$-13.88M$-12.84M$-12.90M$-12.65M$-12.84M$-12.26M$-12.38M$-12.15M$-12.99M$-12.15M$-12.22M$-624.38K$-22.62M$-546.66K$-161.16M$-455.16K
High Forecast$-13.32M$-13.14M$-13.88M$-12.84M$-12.90M$-12.65M$-12.84M$-12.26M$-12.38M$-12.04M$-12.99M$-12.15M$-12.22M$-619.38K$-18.09M$-542.28K$-128.92M$-451.51K
Low Forecast$-13.32M$-13.14M$-13.88M$-12.84M$-12.90M$-12.65M$-12.84M$-12.26M$-12.38M$-12.31M$-12.99M$-12.15M$-12.22M$-629.38K$-27.14M$-551.04K$-193.39M$-458.80K
Surprise %---------3.11%2.50%--0.75%-17.46%0.02%-0.20%124.13%

3 analysts predict RENT's average Quarter EBITDA for May 23 to be $-12.15M, with a high of $-12.15M and a low of $-12.15M. This is -232.11% lower than Rent the Runway's previous annual EBITDA (Jan 23) of $9.20M.

Rent the Runway Net Income Forecast

Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
# Analysts111111113633333333
Net Income---------$-31.50M$-26.80M-$-26.20M$-36.10M$-42.20M-$-39.30M$-87.80M
Avg Forecast$-15.52M$-19.75M$-14.82M$-16.69M$-10.95M$-17.03M$-19.10M$-25.48M$-20.44M$-32.31M$-30.65M$-35.94M$-38.71M$-41.60M$-45.99M$-55.74M$-250.43M$-71.64M
High Forecast$-15.52M$-19.75M$-14.82M$-16.69M$-10.95M$-17.03M$-19.10M$-25.48M$-20.44M$-21.54M$-30.65M$-35.94M$-38.71M$-41.17M$-36.79M$-55.16M$-200.35M$-70.90M
Low Forecast$-15.52M$-19.75M$-14.82M$-16.69M$-10.95M$-17.03M$-19.10M$-25.48M$-20.44M$-36.92M$-30.65M$-35.94M$-38.71M$-42.04M$-55.19M$-56.32M$-300.52M$-72.39M
Surprise %---------0.97%0.87%-0.68%0.87%0.92%-0.16%1.23%

Rent the Runway's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. RENT's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Rent the Runway SG&A Forecast

Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
# Analysts111111113633333333
SG&A---------$31.50M$34.10M-$32.60M$35.00M$38.60M-$36.30M$46.60M
Avg Forecast$41.51M$40.97M$43.25M$40.01M$40.21M$39.41M$40.01M$38.21M$38.59M$37.85M$40.49M$37.88M$38.09M$37.96M$41.02M$33.24M$32.80M$27.68M
High Forecast$41.51M$40.97M$43.25M$40.01M$40.21M$39.41M$40.01M$38.21M$38.59M$38.35M$40.49M$37.88M$38.09M$38.27M$49.22M$33.51M$33.06M$27.90M
Low Forecast$41.51M$40.97M$43.25M$40.01M$40.21M$39.41M$40.01M$38.21M$38.59M$37.51M$40.49M$37.88M$38.09M$37.66M$32.81M$32.97M$32.54M$27.45M
Surprise %---------0.83%0.84%-0.86%0.92%0.94%-1.11%1.68%

Rent the Runway's average Quarter SG&A projection for Jan 24 is $38.59M, based on 3 Wall Street analysts, with a range of $38.59M to $38.59M. The forecast indicates a 22.50% rise compared to RENT last annual SG&A of $31.50M (Oct 23).

Rent the Runway EPS Forecast

Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21
# Analysts111111113633333333
EPS------------$-0.40$-0.56$-0.66-$-0.62$-6.72
Avg Forecast$-4.06$-5.17$-3.88$-4.37$-2.87$-4.46$-5.00$-6.67$-5.34$-8.45$-8.02$-9.40$-10.13$-11.13$-13.07$-14.92$-14.12$-19.17
High Forecast$-4.06$-5.17$-3.88$-4.37$-2.87$-4.46$-5.00$-6.67$-5.34$-5.63$-8.02$-9.40$-10.13$-11.02$-12.93$-14.76$-13.97$-18.97
Low Forecast$-4.06$-5.17$-3.88$-4.37$-2.87$-4.46$-5.00$-6.67$-5.34$-9.66$-8.02$-9.40$-10.13$-11.25$-13.20$-15.07$-14.26$-19.37
Surprise %------------0.04%0.05%0.05%-0.04%0.35%

According to undefined Wall Street analysts, Rent the Runway's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to RENT previous annual EPS of $NaN (undefined).

Rent the Runway Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
RENTRent the Runway$8.14$26.00219.41%Buy
PLCEChildren's Place$9.90$18.0081.82%Hold
LVLULulu's Fashion Lounge$1.16$2.0072.41%Buy
DLTHDuluth$3.10$4.5045.16%Hold
SCVLShoe Carnival$34.89$50.0043.31%Buy
LELands' End$13.57$16.5021.59%Buy
DXLGDestination XL Group$2.79$3.007.53%Hold
ZUMZZumiez$18.72$19.504.17%Hold
GCOGenesco$40.92$40.00-2.25%Buy
CURVTorrid$4.97$4.83-2.82%Hold
SFIXStitch Fix$3.77$3.60-4.51%Hold
CTRNCiti Trends$25.96$24.00-7.55%Hold
BKEBuckle$51.26$46.00-10.26%Strong Buy
VSCOVictoria's Secret$41.64$26.17-37.15%Buy

RENT Forecast FAQ


Is Rent the Runway a good buy?

Yes, according to 9 Wall Street analysts, Rent the Runway (RENT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 55.56% of RENT's total ratings.

What is RENT's price target?

Rent the Runway (RENT) average price target is $26 with a range of $26 to $26, implying a 219.41% from its last price of $8.14. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Rent the Runway stock go up soon?

According to Wall Street analysts' prediction for RENT stock, the company can go up by 219.41% (from the last price of $8.14 to the average price target of $26), up by 219.41% based on the highest stock price target, and up by 219.41% based on the lowest stock price target.

Can Rent the Runway stock reach $12?

RENT's average twelve months analyst stock price target of $26 supports the claim that Rent the Runway can reach $12 in the near future.

What are Rent the Runway's analysts' financial forecasts?

Rent the Runway's analysts financial forecasts for the fiscal year (Jan 2025) are as follows: average revenue is $304.58M (high $304.58M, low $304.58M), average EBITDA is $-50.648M (high $-50.648M, low $-50.648M), average net income is $-72.571M (high $-72.571M, low $-72.571M), average SG&A $157.84M (high $157.84M, low $157.84M), and average EPS is $-18.98 (high $-18.98, low $-18.98). RENT's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $319.8M (high $319.8M, low $319.8M), average EBITDA is $-53.178M (high $-53.178M, low $-53.178M), average net income is $-66.778M (high $-66.778M, low $-66.778M), average SG&A $165.73M (high $165.73M, low $165.73M), and average EPS is $-17.465 (high $-17.465, low $-17.465).

Did the RENT's actual financial results beat the analysts' financial forecasts?

Based on Rent the Runway's last annual report (Jan 2023), the company's revenue was $296.4M, beating the average analysts forecast of $284.47M by 4.20%. Apple's EBITDA was $12.4M, missing the average prediction of $-36.01M by -134.43%. The company's net income was $-139M, missing the average estimation of $-182M by -23.81%. Apple's SG&A was $144.1M, missing the average forecast of $150.31M by -4.13%. Lastly, the company's EPS was $-2.16, missing the average prediction of $-49.242 by -95.61%. In terms of the last quarterly report (Oct 2023), Rent the Runway's revenue was $72.5M, missing the average analysts' forecast of $73.04M by -0.74%. The company's EBITDA was $-37.8M, beating the average prediction of $-12.146M by 211.21%. Rent the Runway's net income was $-31.5M, missing the average estimation of $-32.309M by -2.50%. The company's SG&A was $31.5M, missing the average forecast of $37.85M by -16.78%. Lastly, the company's EPS was $0, missing the average prediction of $-8.45 by -100.00%