Credit Suisse Sticks to Its Buy Rating for RealReal (REAL)

By Austin Angelo

Credit Suisse analyst Michael Binetti maintained a Buy rating on RealReal (REALResearch Report) yesterday and set a price target of $14.00. The company’s shares closed last Thursday at $12.79.

According to TipRanks.com, Binetti is a 4-star analyst with an average return of 5.1% and a 53.4% success rate. Binetti covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Lululemon Athletica, and Burlington Stores.

Currently, the analyst consensus on RealReal is a Moderate Buy with an average price target of $15.57, implying a 29.9% upside from current levels. In a report issued on May 5, Nomura also maintained a Buy rating on the stock with a $13.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $30.05 and a one-year low of $5.00. Currently, RealReal has an average volume of 2.42M.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of REAL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The RealReal, Inc. is an online luxury consignment site, which engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids’, jewelry, and watches, and home and art. The firm sells pieces from designers such as Cartier, Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Rolex, Tiffany & Co., and Valentino. The company was founded by Julie Wainwright and Marcy Carmack in March 2011 and is headquartered in San Francisco, CA.