After 14 years of ups and downs, Wall Street is ready to believe again that The RealReal Inc. just might be the next big thing.

Shares of the luxe resale pioneer shot up 38.1 percent to $15.48 on Tuesday on a stronger outlook for the year after the firm cruised past the market’s third-quarter estimates.

The boost left The RealReal with a market capitalization of $1.8 billion — the company’s strongest valuation since 2021.

Late Monday, after driving third-quarter revenues up 17 percent, the company forecast a top line of $687 million to $690 million for the full year, well above the $675 million analysts forecast. Gross merchandise volume is expected to top $2 billion.

After a buzzy stretch for resale while the broader market has been soft, chief executive officer Rati Levesque pain

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