ThredUp Shares Jump 32% On Record Customer Growth, Upbeat Forecast; Analyst Sees More Upside
May 6, 2025, 11:09 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Positive earnings and raised guidance usually lead to strong investor confidence, as seen in past tech stocks like Shopify, which experienced similar surges after strong earnings beats.
AI summary
What happened, with direct paths to the underlying reporting
ThredUp reported strong Q1 results with $71.3 million revenue. New buyer growth reached a record 95%, driving performance. Analyst Dana Telsey raised price target from $6 to $7. 2025 revenue guidance increased to $281-$291 million, above consensus. Shares jumped 32% following the positive earnings report.
ThredUp reported strong Q1 results with $71.3 million revenue.
New buyer growth reached a record 95%, driving performance.
Analyst Dana Telsey raised price target from $6 to $7.
2025 revenue guidance increased to $281-$291 million, above consensus.
Shares jumped 32% following the positive earnings report.
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