Analysts at Berenberg Bank provided their views on Poshmark, Inc. (NASDAQ:POSH), mentioning that the company continues to outperform its peers on 2- and 3-year revenue CAGRs, despite facing near-term headwinds.

The analysts estimate the overall digital resale market has grown to $12 billion in 2021, implying a 33% growth rate. With 27.4% year-over-year GMV growth in 2021, the analysts believe the company generally held share, despite IDFA headwinds in H2/2021.

With a permanent CFO now in place, the analysts believe expectations management will also improve, reducing volatility around earnings, which should make the company more appealing to long-term investors.