Revolve Group (RVLV) PT Lowered to $34 at Cowen
Get Alerts RVLV Hot Sheet
Price: $22.58 +2.64%
Rating Summary:
13 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 19 | New: 13
Rating Summary:
13 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 19 | New: 13
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Cowen analyst Oliver Chen lowered the price target on Revolve Group (NYSE: RVLV) to $34.00 (from $40.00) while maintaining a Outperform rating.
The analyst commented, "On the positive side, +21% revenue growth (ex. store credit breakage) was driven by solid +6% active customer growth, strong international acceleration, and +DD% FORWARD segment growth. However, 3Q presents new risks that include REVOLVE margin pressures due to higher inventory and moderating owned-brand demand that we will be monitoring."
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