ThredUp(TDUP) Shares Soar 2.64% on Revenue Growth, Price Target Hike

ThredUp(TDUP) shares surged 2.64%, reaching their highest level since May 2022, with an intraday gain of 3.71%.

The strategy of buying TDUP shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.77% annualized gain. This result suggests that investors could have seen steady growth if they followed this approach consistently.

ThredUp's recent stock price movements can be attributed to several key developments. The company reported a 10.5% year-over-year revenue growth in the first quarter of 2025, driven by new customer acquisitions and advancements in AI technology. This growth has significantly boosted investor confidence in ThredUp's future prospects, particularly in the US marketplace.

Additionally, Wells Fargo recently raised its price target for ThredUp to $7.50 from $6, while maintaining an Overweight rating on the shares. This adjustment reflects a growing optimism among investors regarding the company's performance and potential for continued growth.

These positive developments have collectively contributed to ThredUp's stock price reaching a 52-week high, underscoring the company's strong business performance and favorable market sentiment.