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Wells Fargo upgrades RealReal to Overweight as ‘story changes for the better’
The Fly

Wells Fargo upgrades RealReal to Overweight as ‘story changes for the better’

As previously reported, Wells Fargo upgraded RealReal (REAL) to Overweight from Equal Weight with a price target of $15, up from $4. The firm is also raising 2025 revenues/EBITDA above Street. The story has changed, and the market has not fully caught up yet, Wells says. As the margin structure has shifted and top-line growth is re-accelerating, the firm sees material room to run from here.

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