Connect with us

Hi, what are you looking for?


Poshmark stock price forecast: Barclays sees a 45% upside

Poshmark Inc (NASDAQ: POSH) is up more than 15% this morning after a Barclays analyst said the stock will do well in a recessionary environment.

Poshmark should be a $17 stock

On Monday, Trevor Young initiated Poshmark stock at “overweight” and announced a price objective of $17 that represents a close to 45% upside from its previous close. In a note to clients, he said:

Second hand is quickly emerging as an attractive sector given secular tailwinds, ESG considerations, robust secondary demand for limited edition/scarce goods, and dual benefit of consumers trading up to aspirational brands and trading down in a tougher macro.

The bullish call is particularly interesting since it arrives only days after Poshmark reported a year-over-year increase in its Q2 loss and issued weaker-than-expected guidance for the current financial quarter.

Despite the rally today, Poshmark stock is still down more than 20% for the year.

Poshmark stock is attractive on relative valuation

Young also likes the Nasdaq-listed firm as it’s relatively cheaper than its peers. He agrees the Apple IDFA and higher cost of marketing continue to be a headwind for Poshmark but said:

[Poshmark has] a critical mass of active buyers that’s still growing, high engagement from the social/gamification aspects of the platform, secular tailwinds to secondhand, and opportunity to outperform as consumers trade-down in a softer macro.

The California-based company ended the recent quarter with 8.0 million active buyers; a 14% increase from Q2 of 2021. The Barclays analyst is convinced the multiple on “POSH” will expand once it has better visibility into EBITDA profitability.

Young is also bullish on ThredUp Inc (NASDAQ: TDUP) – another marketplace for secondhand clothes that’s down more than 75% versus the start of 2022.

The post Poshmark stock price forecast: Barclays sees a 45% upside appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023