富国银行看好TheRealReal(REAL.US)利润结构优化与增长潜力 上调评级至增持

智通财经
10 Dec 2024

智通财经APP获悉,在最新的分析中,富国银行分析师Ike Boruchow对奢侈品二手电商TheRealReal(REAL.US)的前景表达了乐观态度,将其股票评级上调至增持。他认为,TheRealReal的市场表现尚未充分反映出该公司的显著变化。Boruchow强调,随着利润结构的优化和营收增长的重新加速,TheRealReal的未来发展潜力巨大。

具体而言,Boruchow深入剖析了TheRealReal的运营数据,指出该公司最引人注目的变化之一是提高了售价低于100美元商品的佣金率。这一策略不仅为高价值商品提供了更大的销售激励,同时也显著提升了低价值商品的利润空间。此外,TheRealReal还采取了一系列措施来降低债务风险,进一步增强了其财务稳健性。

展望未来,Boruchow及其团队对TheRealReal的商品交易总额趋势持乐观态度,预计其将加速至两位数增长。同时,他们相信推动利润率改善的举措将继续产生积极影响,为TheRealReal实现正的EBITDA奠定基础。值得一提的是,TheRealReal已明确表示致力于在25财年实现正的自由现金流,这进一步增强了投资者对其未来发展的信心。

基于上述分析,富国银行为TheRealReal设定了15美元的华尔街最高目标价,显示出对该股未来表现的强烈看好。值得注意的是,该股的52周价格区间为1.52美元至6.57美元,而空头持仓则占总流通股的15.2%。这一涨幅不仅反映了市场对TheRealReal未来发展的积极预期,也凸显了投资者对该股价值的重新认识。

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