Jefferies Upgrades Revolve Group (RVLV) to Buy

Jefferies analyst Randal Konik upgraded Revolve Group (NYSE: RVLV) from Hold to Buy with a price target of $30.00.

The analyst comments: "We hosted RVLV's Mike Karanikolas (CEO), Jesse Timmermans (CFO), and Erik Randerson (VP of IR) on a group call for clients. We came away with greater conviction that the co's 1) AI and personalization enhancements, 2) owned-brand expansion, 3) physical retail expansion, and 4) international runway, present a long-term opportunity to drive sustainable growth. Additionally, with the recent pullback, we view current levels as a compelling entry. U/g to Buy."

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 $21.26 yesterday.

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