You win some, you lose some. Today, our subscribers and our Retail team led by Brian McGough won in a big way.
Shares of The RealReal Inc. (REAL) rocketed over 40% higher today, reaching $9.06 by mid-afternoon. Even more impressive, the stock has soared more than 400% since Hedgeye's Retail team introduced it to subscribers at $1.75.
The rally followed the announcement of a new partnership with a major luxury retailer, designed to expand its consignment offerings and grow its customer base. Adding to the momentum, a recent analyst upgrade spotlighted RealReal’s improving financial performance and growth potential.
In case you’re not familiar, The RealReal (REAL) is the world’s largest online marketplace for authenticated, consigned luxury goods. By curating a pre-owned luxury supply exclusive to its platform, the company has carved out a unique niche in the luxury resale market. It blends sustainability with a loyal customer base, making it a standout in this space.
Below is a slide from the Black Book our Retail team published when REAL was added to our Best Idea list.
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