Roth MKM keeps a Buy rating and $30 price target on Lovesac ahead of its Q1 results. The firm remains constructive on the stock given that the home goods/furniture category appears closer to trough demand vs. peak and that Lovesac stands to outperform the category this year, the analyst tells investors in a research note. Roth MKM adds that it expects a return to growth and operating margin expansion in the second half of FY25 as comps get easier and with new stores adding to sales.
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