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ThredUp Inc. (NASDAQ:TDUP) shares have soared to a 52-week high, reaching a price level of $7.2, marking a significant turnaround for the online resale platform. According to InvestingPro data, the stock has delivered exceptional returns of 455% over the past six months alone, with its market capitalization now reaching $846 million. While momentum remains strong, current valuation metrics suggest the stock may be trading above its Fair Value. Investors have shown renewed confidence in ThredUp’s business model, which has benefited from the growing trend of sustainable fashion and an increased consumer shift towards second-hand goods. The company maintains impressive gross profit margins of 79%, though it remains unprofitable over the last twelve months. The company’s strategic initiatives and partnerships have played a crucial role in driving this momentum, positioning ThredUp as a leader in the online thrift space. Get access to 14 additional exclusive InvestingPro Tips and comprehensive analysis in our Pro Research Report to make more informed investment decisions.
In other recent news, ThredUp Inc. reported impressive financial results for the first quarter of fiscal year 2025, with earnings per share (EPS) of -$0.04, surpassing the forecasted -$0.08. The company’s revenue also exceeded expectations, reaching $71.3 million compared to the anticipated $65.62 million, marking a 10.5% increase year-over-year. This strong performance was supported by significant growth in new buyer acquisition, which rose by 95% year-over-year. ThredUp’s strategic focus on AI-driven product innovations has enhanced conversion rates and bolstered market position. Following these results, Telsey Advisory Group raised its price target for ThredUp’s stock to $7.00, maintaining an Outperform rating. The company has issued a promising second-quarter guidance, projecting revenue between $72.5 million and $74.5 million. ThredUp’s annual outlook has also been revised upward, anticipating results that exceed prior market expectations. Analysts at Telsey believe ThredUp is well-positioned to benefit from the growing resale market due to its proprietary platform and supply chain capabilities.
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