RENT - Rent the Runway rallies after bull ratings pour in

Rent The Runway (NASDAQ:RENT) jumps in early trading after the analyst quiet period ends on the stock and a number of positive ratings arrive. KeyBanc (Overweight), Barclays (Overweight), Goldman Sachs (Buy), Morgan Stanley (Overweight), Telsey Capital Markets (Outperform), Piper Sandler (Overweight) and Wells Fargo (Overweight) are all in the bull camp to start on RENT. JMP Securities is the voice of caution with a Market Perform rating on the books. Wells Fargo analyst Ike Boruchow on the RENT upside: "We believe the company will benefit from: 1) industry growth (macro tailwinds from sustainability, value, shifting attitudes towards pre-worn clothing and e-commerce); 2) company-specific efforts to drive trial and repeat users via marketing and category expansion; and most notably, 3) various margin drivers that can drive meaningful scale over time. While the stock at current levels is certainly a 'show me story' (especially considering we expect the business to remain FCF

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Rent the Runway rallies after bull ratings pour in