RealReal Inc at Cowen New Retail Ecosystem CEO Summit: Innovation & Digitization (Virtual) Transcript
Revolutionizing resale and the new life cycle of luxury goods. We're thrilled to have The RealReal here: Matt Gustke, CFO; and Paul Bieber, Head of Investor Relations and Capital Markets at The RealReal. RealReal is a leader in luxury resale. At Cowen, we believe in RealReal's long-term growth prospects which will drive higher shareholder value. It currently trades at EV to sales of 2x versus a historic average of 4x, and our price target of $29 implies an ETR over 70%.
Matt Gustke has served as RealReal's CFO since April 2013. Prior to joining The RealReal, Matt served as the CFO and Head of Strategy at StubHub, an online ticket exchange company and subsidiary of eBay. Paul Bieber has served as RealReal's Head of IR since January 2019. And prior to joining The RealReal, Mr. Bieber was a Director at Credit Suisse from 2016 to 2018, where he covered e-commerce and online travel.
Thank you so much, Matt and Paul, for being here.
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