Piper Sandler raised the firm’s price target on Revolve Group (RVLV) to $35 from $30 and keeps an Overweight rating on the shares following quarterly results. Weaker gross margin was the only negative from the print–inventories are in better shape at FRWD than REVOLVE and should be more in line with sales on a consolidated basis entering 2025.
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Read More on RVLV:
- 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
- Revolve Group price target raised to $33 from $24 at Baird