Lovesac price target raised to $42 from $35 at Roth MKM

Roth MKM raised the firm’s price target on Lovesac (LOVE) to $42 from $35 and keeps a Buy rating on the shares ahead of its Q3 results. The stock has finally broken out of a trading range as investors seem to be excited by Lovesac’s growth prospects as well as given the better sentiment in home goods, with fundamentals that “should improve” into 2025, the analyst tells investors in a research note. Lovesac should report “healthy” results, while its management will likely tighten its FY25 guidance range, the firm added.