RealReal price target raised to $12.50 from $6.50 at Northland

Northland raised the firm’s price target on RealReal (REAL) to $12.50 from $6.50 and keeps an Outperform rating on the shares. The recent “strong run” in the share price is a result of investors “beginning to appreciate the turnaround story that has already occurred, while acknowledging the future growth prospects the company has,” the analyst argues. With the elevated investor attention, comes higher expectations, but the firm thinks management is “equipped to meet these heightened expectations,” the analyst added.