Where Does Wall Street Think Rent the Runway Inc (RENT) Stock Will Go?

InvestorsObserver is giving Rent the Runway Inc (RENT) an Analyst Rating Rank of 71, meaning RENT is ranked higher by analysts than 71% of stocks. The average price target for RENT is $22.666 and analyst’s rate the stock as a Strong Buy.

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!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

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

Rent the Runway Inc (RENT) stock is up 17.14% while the S&P 500 is down -0.25% as of 9:47 AM on Friday, Mar 18. RENT has risen $0.97 from the previous closing price of $5.66 on volume of 67,637 shares. Over the past year the S&P 500 has fallen -3.32% while RENT is down -65.63%. RENT lost -$3.36 per share the over the last 12 months. Click Here to get the full Stock Report for Rent the Runway Inc stock.