
The RealReal (REAL) Stock Forecast & Price Target
The RealReal (REAL) Analyst Ratings
Bulls say
The RealReal is positioned as the largest pure-play luxury resale platform in the US, generating $1.8 billion in gross merchandise volume for 2024, demonstrating substantial market demand within the personal luxury resale sector. The company's unique business model, which includes active inventory sourcing and stringent item authentication, enables it to achieve a higher take rate of approximately 36% of net merchandise value, reflecting strong revenue potential compared to competitors. As the company progresses with its supply-driven strategy and garners increasing investor confidence in achieving sustained positive EBITDA, there is a likelihood for valuation multiples to expand, further enhancing the stock's positive outlook.
Bears say
The RealReal is projected to face a significant decline in sales, with estimates suggesting a potential drop of 15% to 20% for the fiscal year 2025. Additionally, its high take rate of approximately 36% of net merchandise value appears unsustainable in comparison to competitors, such as Vestiaire Collective, Rebag, and Fashionphile, which operate at significantly lower rates between 4% and 7%. Furthermore, the company is experiencing market share erosion due to competition from players that do not employ a pre-authentication model, indicating a waning consumer interest in the resale market it operates within.
This aggregate rating is based on analysts' research of The RealReal and is not a guaranteed prediction by Public.com or investment advice.
The RealReal (REAL) Analyst Forecast & Price Prediction
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