Analysts Cut ThredUp Price Target, Downgrade Shares After Q3 Results
Wells Fargo maintained an Overweight rating but cut its price target from $8 to $3. William Blair downgraded ThredUp from Outperform to Market Perform.
Following ThredUp's third-quarter 2026 earnings release, financial analysts adjusted their outlooks for the company. Wells Fargo maintained an "Overweight" rating but significantly reduced its price target from $8 to $3. Additionally, William Blair downgraded ThredUp's stock from "Outperform" to "Market Perform." These actions reflect analyst reactions to the company's lowered fourth-quarter guidance and the competitive challenges highlighted in the earnings report.