Raymond James Starts Revolve Group (RVLV) at Outperform

Raymond James analyst Aaron Kessler initiates coverage on Revolve Group (NYSE: RVLV) with an Outperform rating and a price target of $40.00.

The analyst comments "Our positive investment thesis is based on: 1) large fashion market that is increasingly shifting online driven by next-Gen consumers; 2) Revolve has established itself as a leading fashion brand for millennials; 3) Revolve’s social and influencer marketing strategies are driving strong growth and cost efficiently; 4) successful owned brands strategy driving strong growth at high gross margins; 5) we expect 20%+ long-term growth and mid-teens or higher long-term EBITDA margins."

For an analyst ratings summary and ratings history on Revolve Group click here. For more ratings news on Revolve Group click here.

Shares of Revolve Group closed at $32.80 yesterday.

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