Revolve Group (RVLV) PT Lowered to $17 at BofA Securities

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Go back to Revolve Group (RVLV) PT Lowered to $17 at BofA Securities

Raymond James cuts estimates on Revolve Group (RVLV) following 1Q miss

May 4, 2023 1:51 PM EDT

Raymond James downgraded Revolve Group (NYSE: RVLV) to a Market Perform rating (From: Outperform) and removed their price target on the stock after the Digital Commerce company reported weak 1Q results.

Revolve reported 1Q revenues down 1% y/y, compared to the streets estimate of 2% growth y/y. RVLVs EBITDA margin was... More