Rent the Runway (RENT) stock forecast for 2023. Forecast tables and graphs.

Rent the Runway (RENT) stock forecast for 2023

Last update: 06-24-2022, 10:15

Sector: Technology

The share price of Rent the Runway, Inc. (RENT) now

What analysts predict:: $11

52-week high/low: $24.77 / $3

50/200 Day Moving Average: $4.754 / $7.64

This figure corresponds to the average price over the previous 50/200 days. For Rent the Runway stocks, the 50-day moving average is the resistance level today.

For Rent the Runway stocks, the 200-day moving average is the resistance level today.

Are you interested in Rent the Runway stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Rent the Runway stock price in 2023. How much will one Rent the Runway share be worth in 2023?

Is it worth taking profit / loss on Rent the Runway stock now or waiting? What are analysts' forecasts for Rent the Runway stock?

We forecast Rent the Runway stock performance using neural networks based on historical data on Rent the Runway stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The Rent the Runway stock prediction results are shown below and presented as a graph, table and text information.

Rent the Runway stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Rent the Runway analysts is $11.

Today 200 Day Moving Average is the resistance level (7.64 $).

50 Day Moving Average is the resistance level (4.754 $).




Historical and forecast chart of Rent the Runway stock

The chart below shows the historical price of Rent the Runway stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Rent the Runway stock price can be found in the table below.

Rent the Runway (RENT) Forecast for 2023

Month Target Pes. Opt. Vol., %
Jan 3.19 3.00 3.57 15.94 %
Feb 2.96 2.77 3.26 14.86 %
Mar 3.06 2.89 3.28 11.88 %
Apr 2.86 2.52 3.15 19.87 %
May 2.73 2.48 2.97 16.40 %
Jun 2.85 2.55 3.10 17.78 %
Jul 2.81 2.58 3.04 14.97 %
Aug 2.90 2.70 3.02 10.52 %
Sep 2.87 2.59 3.09 16.28 %
Oct 3.13 2.78 3.44 19.24 %
Nov 3.26 2.88 3.40 15.26 %
Dec 3.36 3.22 3.53 8.99 %

Rent the Runway information and performance

Rent the Runway – Rents out designer clothing and accessories to women on a monthly basis.
Clothing rental service Rent the Runway raised $ 357 million in a share placement. The company’s capitalization amounted to $ 1.3 billion, Bloomberg reports.
The company entered the NASDAQ Global Select Market under the ticker RENT. The volume of the IPO amounted to 17 million shares, the placement took place at the upper end of the range, $ 21 per share.
For half a year, Rent the Runway’s net loss amounted to $ 85 million, revenue – $ 80 million. The IPO is being led by Goldman Sachs Group, Morgan Stanley and Barclays.

Rent the Runway Address

10 JAY ST, SUITE 900, BROOKLYN, NY, US

Market Capitalization: 217 211 000 $

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.

EBITDA: - $

EBITDA is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: None

Price/earnings to growth

DPS: N/A

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: N/A

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -5.59

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A

Quarterly Revenue Growth YOY: 1.003

Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: -

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.308

Enterprise Value (EV) /Revenue

EV To EBITDA: -

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 61028000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A

Percent Insiders: N/A

Percent Institutions: N/A

Rent the Runway price target for 2021 by month


Target values for the price of one Rent the Runway share for Jan 2023.

The weighted average target price per Rent the Runway share in Jan 2023 is: 3.19. In Jan, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.937% volatility is expected.

Pessimistic target level: 3.00

Optimistic target level: 3.57


Target values for the price of one Rent the Runway share for Feb 2023.

The weighted average target price per Rent the Runway share in Feb 2023 is: 2.96. In Feb, the negative dynamics for Momo shares will prevail with possible monthly volatility of 14.857% volatility is expected.

Pessimistic target level: 2.77

Optimistic target level: 3.26


Target values for the price of one Rent the Runway share for Mar 2023.

The weighted average target price per Rent the Runway share in Mar 2023 is: 3.06. In Mar, the positive dynamics for Momo shares will prevail with possible monthly volatility of 11.877% volatility is expected.

Pessimistic target level: 2.89

Optimistic target level: 3.28


Target values for the price of one Rent the Runway share for Apr 2023.

The weighted average target price per Rent the Runway share in Apr 2023 is: 2.86. In Apr, the negative dynamics for Momo shares will prevail with possible monthly volatility of 19.873% volatility is expected.

Pessimistic target level: 2.52

Optimistic target level: 3.15


Target values for the price of one Rent the Runway share for May 2023.

The weighted average target price per Rent the Runway share in May 2023 is: 2.73. In May, the negative dynamics for Momo shares will prevail with possible monthly volatility of 16.399% volatility is expected.

Pessimistic target level: 2.48

Optimistic target level: 2.97


Target values for the price of one Rent the Runway share for Jun 2023.

The weighted average target price per Rent the Runway share in Jun 2023 is: 2.85. In Jun, the positive dynamics for Momo shares will prevail with possible monthly volatility of 17.777% volatility is expected.

Pessimistic target level: 2.55

Optimistic target level: 3.10


Target values for the price of one Rent the Runway share for Jul 2023.

The weighted average target price per Rent the Runway share in Jul 2023 is: 2.81. In Jul, the negative dynamics for Momo shares will prevail with possible monthly volatility of 14.965% volatility is expected.

Pessimistic target level: 2.58

Optimistic target level: 3.04


Target values for the price of one Rent the Runway share for Aug 2023.

The weighted average target price per Rent the Runway share in Aug 2023 is: 2.90. In Aug, the positive dynamics for Momo shares will prevail with possible monthly volatility of 10.524% volatility is expected.

Pessimistic target level: 2.70

Optimistic target level: 3.02


Target values for the price of one Rent the Runway share for Sep 2023.

The weighted average target price per Rent the Runway share in Sep 2023 is: 2.87. In Sep, the negative dynamics for Momo shares will prevail with possible monthly volatility of 16.280% volatility is expected.

Pessimistic target level: 2.59

Optimistic target level: 3.09


Target values for the price of one Rent the Runway share for Oct 2023.

The weighted average target price per Rent the Runway share in Oct 2023 is: 3.13. In Oct, the positive dynamics for Momo shares will prevail with possible monthly volatility of 19.245% volatility is expected.

Pessimistic target level: 2.78

Optimistic target level: 3.44


Target values for the price of one Rent the Runway share for Nov 2023.

The weighted average target price per Rent the Runway share in Nov 2023 is: 3.26. In Nov, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.259% volatility is expected.

Pessimistic target level: 2.88

Optimistic target level: 3.40


Target values for the price of one Rent the Runway share for Dec 2023.

The weighted average target price per Rent the Runway share in Dec 2023 is: 3.36. In Dec, the positive dynamics for Momo shares will prevail with possible monthly volatility of 8.992% volatility is expected.

Pessimistic target level: 3.22

Optimistic target level: 3.53




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.