On Nov 06, major Wall Street analysts update their ratings for $Revolve Group (RVLV.US)$, with price targets ranging from $28 to $35.
Morgan Stanley analyst Nathan Feather initiates coverage with a hold rating, and sets the target price at $28.
TD Cowen analyst Oliver Chen maintains with a buy rating, and adjusts the target price from $28 to $34.
Baird analyst Mark Altschwager maintains with a hold rating, and adjusts the target price from $24 to $33.
KeyBanc analyst Ashley Owens maintains with a hold rating.
Piper Sandler analyst Anna Andreeva maintains with a buy rating, and adjusts the target price from $30 to $35.
Furthermore, according to the comprehensive report, the opinions of $Revolve Group (RVLV.US)$'s main analysts recently are as follows:
Revolve Group's Q3 earnings substantially exceeded expectations, demonstrating a hastening of top-line growth in conjunction with appreciable margin improvement, as various execution strategies start to converge. Although gross margins fell modestly short of anticipations, and some persistent strain is anticipated into FY25, these factors are viewed as relatively minor compared to the substantial margin recovery potential through efficiency measures, reduced return rates, and benefits from an enhanced top-line.
The firm noted that Revolve Group's robust results stemmed from performance across various categories, geographic regions, and market segments.
Revolve Group's recent results have been commendable, showing a robust acceleration in sales for Q3/Q4-to-date, which aligns with positive performance indicators. The company has also demonstrated significant margin efficiencies that have facilitated a strong earnings trajectory, primarily due to SG&A efficiencies, despite a somewhat unexpected softness in gross margins.
Here are the latest investment ratings and price targets for $Revolve Group (RVLV.US)$ from 5 analysts:
Note:
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