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Do Analysts Agree Tuesday on Rent the Runway Inc (RENT) Stock's Target Price?

Tuesday, April 12, 2022 01:20 PM | InvestorsObserver Analysts

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Do Analysts Agree Tuesday on Rent the Runway Inc (RENT) Stock's Target Price?

Analysts who follow Rent the Runway Inc (RENT) on average expect it to add 287.00% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 71, which means it ranks higher than 71 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.9
Wall Street analysts are rating RENT a Strong Buy today. Find out what this means to you and get the rest of the rankings on RENT!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Rent the Runway Inc Stock Today?

Rent the Runway Inc (RENT) stock is trading at $5.50 as of 1:18 PM on Tuesday, Apr 12, a gain of $0.30, or 5.77% from the previous closing price of $5.20. The stock has traded between $5.23 and $5.74 so far today. Volume today is 506,205 compared to average volume of 672,653. Click Here to get the full Stock Report for Rent the Runway Inc stock.

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