Rent the Runway (RENT) Stock Forecast, Price Target & Predictions
RENT Stock Forecast
Rent the Runway stock forecast is as follows: an average price target of $12.00 (represents a 23.97% upside from RENT’s last price of $9.68) 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 $12.00 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 $4.00. This represents a potential 23.97% upside from RENT's last price of $9.68.
RENT Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 06, 2024 | Ashley Helgans | Jefferies | - | - | 118.67% | 168.60% |
| Jun 07, 2024 | Ashley Helgans | Jefferies | - | - | 26.82% | 251.24% |
| Apr 12, 2024 | Ashley Helgans | Jefferies | - | - | 8.36% | 116.94% |
| Jun 14, 2023 | Andrew Boone | JMP Securities | - | - | 147.93% | -38.02% |
| Jun 08, 2023 | Dana Telsey | Telsey Advisory | - | - | 63.93% | -58.68% |
| Sep 13, 2022 | Dana Telsey | Telsey Advisory | - | - | -21.91% | -60.23% |
| Jun 24, 2022 | Erinn Murphy | Piper Sandler | - | - | 243.84% | 23.97% |
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 168.60% increase from RENT last price ($9.68).
Rent the Runway Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $26.00 | $27.00 |
| Last Closing Price | $9.68 | $9.68 | $9.68 |
| Upside/Downside | -100.00% | 168.60% | 178.93% |
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 $9.68. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 06, 2024 | Jefferies | Buy | Buy | Hold |
| Jun 07, 2024 | Jefferies | Buy | Buy | Hold |
| Jun 07, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Apr 12, 2024 | Jefferies | Buy | Buy | Hold |
| Jan 17, 2024 | Piper Sandler | Overweight | Neutral | Downgrade |
| Sep 11, 2023 | Telsey Advisory | Outperform | Market Perform | Downgrade |
| Sep 08, 2023 | Barclays | Overweight | Overweight | Hold |
| Sep 08, 2023 | Goldman Sachs | Buy | Buy | Hold |
| Sep 08, 2023 | Piper Sandler | Overweight | Overweight | Hold |
| Jun 14, 2023 | JMP Securities | Market Outperform | Market Outperform | Hold |
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 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $72.50M | $75.70M | - | $75.40M | $77.40M | $76.50M | - | $64.10M | $59.00M |
| Avg Forecast | $83.30M | $80.65M | $83.45M | $79.60M | $78.20M | $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 | $84.05M | $81.38M | $84.20M | $80.32M | $78.91M | $76.74M | $77.90M | $73.73M | $74.46M | $74.01M | $78.83M | $73.75M | $74.16M | $73.85M | $74.16M | $64.65M | $63.80M | $53.83M |
| Low Forecast | $82.55M | $79.92M | $82.70M | $78.88M | $77.49M | $75.36M | $76.50M | $73.73M | $74.46M | $72.38M | $77.42M | $72.43M | $72.83M | $72.67M | $72.98M | $63.63M | $62.79M | $52.98M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| 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 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | $-37.80M | $-32.50M | - | $9.20M | $10.90M | $-400.00K | - | $-31.90M | $-56.50M |
| Avg Forecast | $-13.85M | $-13.41M | $-13.88M | $-13.24M | $-13.00M | $-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 | $-13.73M | $-13.29M | $-13.75M | $-13.12M | $-12.89M | $-12.53M | $-12.72M | $-12.26M | $-12.38M | $-12.04M | $-12.87M | $-12.04M | $-12.11M | $-619.38K | $-18.09M | $-542.28K | $-128.92M | $-451.51K |
| Low Forecast | $-13.98M | $-13.53M | $-14.00M | $-13.36M | $-13.12M | $-12.76M | $-12.95M | $-12.26M | $-12.38M | $-12.31M | $-13.11M | $-12.26M | $-12.33M | $-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 $-12.04M and a low of $-12.26M. 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 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | $-31.50M | $-26.80M | - | $-26.20M | $-36.10M | $-42.20M | - | $-39.30M | $-87.80M |
| Avg Forecast | $-12.84M | $-16.29M | $-13.94M | $-17.06M | $-12.03M | $-16.65M | $-18.67M | $-24.91M | $-19.97M | $-31.58M | $-29.95M | $-35.13M | $-37.84M | $-41.60M | $-45.99M | $-55.74M | $-250.43M | $-71.64M |
| High Forecast | $-12.69M | $-16.10M | $-13.78M | $-16.86M | $-11.89M | $-16.45M | $-18.45M | $-24.61M | $-19.74M | $-21.05M | $-29.60M | $-34.71M | $-37.39M | $-41.17M | $-36.79M | $-55.16M | $-200.35M | $-70.90M |
| Low Forecast | $-12.99M | $-16.48M | $-14.10M | $-17.26M | $-12.17M | $-16.84M | $-18.89M | $-25.20M | $-20.21M | $-36.09M | $-30.30M | $-35.54M | $-38.28M | $-42.04M | $-55.19M | $-56.32M | $-300.52M | $-72.39M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 0.89% | - | 0.69% | 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 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | $31.50M | $34.10M | - | $32.60M | $35.00M | $38.60M | - | $36.30M | $46.60M |
| Avg Forecast | $43.17M | $41.79M | $43.25M | $41.25M | $40.52M | $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 | $43.56M | $42.17M | $43.64M | $41.62M | $40.89M | $39.77M | $40.37M | $38.21M | $38.59M | $38.35M | $40.85M | $38.22M | $38.43M | $38.27M | $49.22M | $33.51M | $33.06M | $27.90M |
| Low Forecast | $42.78M | $41.42M | $42.85M | $40.88M | $40.16M | $39.05M | $39.64M | $38.21M | $38.59M | $37.51M | $40.12M | $37.54M | $37.74M | $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 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.40 | $-0.56 | $-0.66 | - | $-0.62 | $-6.72 |
| Avg Forecast | $-3.44 | $-4.36 | $-3.73 | $-4.57 | $-3.22 | $-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 | $-3.39 | $-4.31 | $-3.69 | $-4.51 | $-3.18 | $-4.40 | $-4.94 | $-6.59 | $-5.28 | $-5.63 | $-7.92 | $-9.29 | $-10.01 | $-11.02 | $-12.93 | $-14.76 | $-13.97 | $-18.97 |
| Low Forecast | $-3.48 | $-4.41 | $-3.77 | $-4.62 | $-3.26 | $-4.51 | $-5.05 | $-6.74 | $-5.41 | $-9.66 | $-8.11 | $-9.51 | $-10.24 | $-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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SFIX | Stitch Fix | - | - | 74.76% | Hold |
| LVLU | Lulu's Fashion Lounge | - | - | 65.29% | Buy |
| SCVL | Shoe Carnival | - | - | 35.89% | Buy |
| PLCE | Children's Place | - | - | 25.77% | Hold |
| RENT | Rent the Runway | - | - | 23.97% | Buy |
| CURV | Torrid | - | - | 23.21% | Hold |
| DLTH | Duluth | - | - | 22.95% | Hold |
| DXLG | Destination XL Group | - | - | 16.28% | Hold |
| LE | Lands' End | - | - | 10.37% | Buy |
| BKE | Buckle | - | - | -3.46% | Strong Buy |
| CTRN | Citi Trends | - | - | -4.97% | Buy |
| ZUMZ | Zumiez | - | - | -11.36% | Hold |
| VSCO | Victoria's Secret | - | - | -13.93% | Buy |
| HIBB | Hibbett | - | - | -18.73% | Hold |