Roth MKM analyst Matt Koranda raised the firm’s price target on Revolve Group (RVLV) to $35 from $29 and keeps a Buy rating on the shares. The company delivered a strong Q3 highlighted by accelerating sales growth across the quarter, with a double-digit rate of growth continuing into October, the analyst tells investors in a research note. Oder improvement and better return rates are all driving growth, and Roth sees signs that return rates may be normalizing, the firm added.
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Read More on RVLV:
- Revolve Group price target raised to $35 from $30 at Piper Sandler
- Revolve Group price target raised to $35 from $30 at BTIG
- Barclays upgrades Revolve Group to Equal Weight on sales growth
- Revolve Group price target raised to $34 from $28 at TD Cowen
- Revolve Group upgraded to Equal Weight from Underweight at Barclays
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