BTIG thinks RealReal's strong 2025 rally can extend into 2026

MSN
2025.12.30 12:02
portai
I'm PortAI, I can summarize articles.

BTIG has raised its price target for The RealReal (REAL) to $18, anticipating that the strong rally in 2025 will continue into 2026. Analyst Marvin Fong noted that REAL's profitability is on an aggressive growth trajectory, justifying its premium valuation. BTIG expects REAL to exceed the consensus estimate of 27% incremental EBITDA margins, potentially reaching over 40%. Factors such as increased AI use in item intake and growth in consignor trends are expected to enhance margins. REAL shares rose 0.3% in premarket trading and are up 50% year-to-date, nearing a four-year high.