Wells Fargo analyst Ike Boruchow maintained a "Buy" rating on secondhand clothing resale platform thredUP (TDUP) in his latest report, with a price target of $8. Boruchow covers the consumer cyclical sector, with names including Kontoor Brands, Tapestry, and Bath & Body Works.

Key Points

  • Wells Fargo analyst Ike Boruchow maintained a "Buy" rating on thredUP with an $8 price target.
  • The overall sell-side consensus rating on thredUP is "Strong Buy," with an average price target of $7.24.
  • For the quarter ended June 30, thredUP reported revenue of $90.77 million and a GAAP net loss of $5.94 million, compared with revenue of $77.66 million and a net loss of $5.18 million in the year-ago period.

Looking at the latest financials, thredUP's quarterly revenue rose to $90.77 million from $77.66 million a year earlier, a notable year-over-year increase; however, its GAAP net loss widened to $5.94 million from $5.18 million in the year-ago period, with losses rising alongside revenue.

Among the analysts covering the stock, the overall market consensus rating is "Strong Buy," with an average price target of $7.24, below Wells Fargo's $8 target, indicating that the bank is relatively more optimistic than its peers.

For the secondhand resale industry, Wall Street's continued relatively positive ratings on leading platforms suggest that capital markets are still watching the resale sector's scaled growth, but the financial structure of revenue growth accompanied by widening losses remains a question platforms must keep answering for investors.

Source: Wells Fargo Keeps Their Buy Rating on thredUP (TDUP) · Originally published on 2026-09-29