In a report released yesterday, Maria Ripps from Canaccord Genuity maintained a Buy rating on The Lovesac Company (LOVE), with a price target of $35.00. The company’s shares closed last Wednesday at $26.11.
According to TipRanks.com, Ripps is a top 100 analyst with an average return of 46.0% and a 74.0% success rate. Ripps covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Zillow Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Lovesac Company with a $34.50 average price target, implying a 15.0% upside from current levels. In a report issued on September 2, BTIG also maintained a Buy rating on the stock with a $34.00 price target.
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The company has a one-year high of $36.86 and a one-year low of $4.00. Currently, The Lovesac Company has an average volume of 485.1K.
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The Lovesac Co. is a technology driven, omni-channel company. It designs, manufactures, and sells furniture comprised of modular couches called sactionals and foam beanbag chairs called sacs. Its products include sactionals, sacs, and accessories. The company was founded by Shawn David Nelson in 1995 and is headquartered in Stamford, CT.
