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ThredUp’s implied fair value estimate has shifted from US$9.63 to US$8.70, mirroring a broader round of price target cuts into the US$9 to US$10 range across several firms. Analysts are pairing this lower pricing with mixed commentary, pointing to solid resale positioning and buyer trends while also flagging more cautious valuation multiples and a tougher consumer backdrop. Read on to see what is driving these revisions and how you can keep track of the evolving ThredUp story.

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• Telsey Advisory keeps an Outperform rating and points to what it calls a strong finish to FY25, linked to years of investment in new buyer acquisition and ThredUp’s Fall rebrand.

• Northland maintains an Outperform rating and raises its FY26 revenue estimate to US$352.5M from US$344.9M, citing continued marketplace momentum, healthy buyer trends, and added supply from initiatives like the TikTok shop.

• Roth Capital keeps a Buy rating and highlights Q4 high teens growth and a 2026 outlook that it views as supportive of ongoing business inflection, sustained growth, and operating leverage.

• Wells Fargo reiterates an Overweight rating, emphasizing what it calls another robust print, with revenue trends above the company’s own algorithm and margin progression built into plans.

• Telsey Advisory, Northland, Roth Capital, and Wells Fargo all cut price targets into the US$9 to US$10 range, reflecting more cautious valuation multiples despite generally constructive views on the business.

• Several firms reference a challenging macro consumer backdrop and lower peer marketplace multiples, reminding you that execution around buyer growth and resale adoption is being judged against tougher external conditions and tighter valuation standards.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives!

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• ThredUp issued first quarter 2026 revenue guidance of US$79.5m to US$80.5m, which the company described as implying 12% year over year growth at the midpoint.

• For full year 2026, ThredUp guided to revenue of US$349.0m to US$355.0m, which it framed as implying 13% year over year growth at the midpoint.

• The new 2026 revenue guidance provides a defined range to compare with existing analyst models that reference an FY26 estimate of about US$352.5m.