RENT - Rent The Runway Analyst Cuts Forecast By 75%: 'Customer Acquisition Will Take A Hit' | Benzinga
Shares of Rent the Runway Inc (NASDAQ: RENT) Monday maintained their downtrend and have lost almost 70% year to date.
Although the New York-based company reported its second-quarter adjusted EBITDA ahead of expectations, its revenue and subscriber growth was disappointing, according to Telsey Advisory Group.
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The Rent the Runway Analyst: Dana Telsey downgraded the rating for to Market Perform, while cutting the price target ...