The RealReal Inc

REAL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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The RealReal Earnings: Results Arrive as Forecast; Shares Materially Overpriced

Sean Dunlop

Feb 21, 2025

We plan to raise our $2.25 fair value estimate by a low-single-digit percentage—consistent with time value—for no-moat The RealReal after digesting the firm's fourth-quarter earnings release. Results arrived in line with the firm's warning on Feb. 10, 2025.

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The RealReal Inc

The RealReal Earnings: Results Arrive as Forecast; Shares Materially Overpriced

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