Maxim keeps a Buy rating and $38 price target on Lovesac (LOVE) but calls the company a “unique secular growth story” after its first analyst day event yesterday. The company has showcased its ability to develop multiple product platforms and acquire customers via a robust omni-channel strategy, the analyst tells investors in a research note. Lovesac has also emphasized its Customer Acquisition Engines, highlighting its proven strategies to drive engagement, repeat purchases, and household penetration, the firm adds.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio