William Blair analyst Dylan Carden has maintained their bullish stance on REAL stock, giving a Buy rating on May 9.

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Dylan Carden has given his Buy rating due to a combination of factors that highlight RealReal’s structural strengths and growth prospects. He emphasizes that management meetings underscored how the company’s model is often misunderstood by the market, which tends to lump it in with traditional luxury retail despite its distinct business dynamics.

Carden notes that RealReal operates a dynamic, consignment-based inventory marketplace that creates strong network effects between buyers and sellers, driving both engagement and customer loyalty. He believes this differentiated model, coupled with the company’s scale as a leading resale platform, positions the stock as an attractive long-term growth vehicle and one of the more compelling ways for investors to gain exposure to the resale theme.

According to TipRanks, Carden is a 3-star analyst with an average return of 2.8% and a 42.77% success rate. Carden covers the Consumer Cyclical sector, focusing on stocks such as Amazon, On Holding AG, and Revolve Group.

In another report released on May 9, Wells Fargo also reiterated a Buy rating on the stock with a $20.00 price target.