BTIG analyst Janine Stichter maintains $Revolve Group (RVLV.US)$ with a buy rating, and adjusts the target price from $30 to $35.
According to TipRanks data, the analyst has a success rate of 46.1% and a total average return of 6.8% over the past year.
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 exceeded expectations, displaying a surge in revenue growth coupled with notable margin improvement, as various execution strategies start to converge. Although gross margins were somewhat below expectations, and there is anticipation of continued pressure into FY25, the impact is considered minor in contrast to the considerable margin recovery potential through efficiency measures, reduced return rates, and benefits from an enhanced revenue trajectory.
The firm notes that Revolve Group's robust results stem from performance across various categories, geographical areas, and market segments.
Revolve Group reported commendable results with sales showing significant acceleration during Q3/Q4-to-date. This performance aligns with positive checks and is complemented by margin efficiencies, particularly due to SG&A efficiencies, despite a slight softness in Gross Margin.
Note:
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