REAL - The RealReal: Progress Of Turnaround But Balance Sheet Risks Remain

2024-02-04 07:35:19 ET

Summary

• Shares of The RealReal have moved sharply higher of late due to strong Q3 results and positive FY 2024 guidance.
• The company has made progress on its turnaround plan, but its balance sheet remains a concern.
• If the company is able to navigate a challenging balance sheet and improve margins significant upside is possible from current levels.
• I rate the stock a Hold and want to see more signs of progress before buying.

Shares of The RealReal, Inc. ( REAL ) have rallied sharply over the past three months as investors have gained confidence in the company's turnaround plan following stronger than expected Q3 results and strong FY 2024 guidance....

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