Robert W. Baird Believes Revolve Group (RVLV) Won’t Stop Here
In a report issued on February 22, Mark Altschwager from Robert W. Baird maintained a Buy rating on Revolve Group (RVLV), with a price target of $37.00. The company’s shares closed last Tuesday at $37.10, close to its 52-week high of $40.94.
According to TipRanks.com, Altschwager is a 5-star analyst with an average return of 23.2% and a 56.5% success rate. Altschwager covers the Consumer Goods sector, focusing on stocks such as Abercrombie Fitch, Capri Holdings, and Ulta Beauty.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Revolve Group with a $39.80 average price target, which is an 11.6% upside from current levels. In a report issued on February 16, Piper Sandler also maintained a Buy rating on the stock with a $41.00 price target.
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The company has a one-year high of $40.94 and a one-year low of $7.17. Currently, Revolve Group has an average volume of 1.1M.
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Revolve Group, Inc. engages in the retail of next-generation fashion for millenial consumers. It operates through the following segments: Revolve and Forward. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands. The Forward segment provides luxury products. The company was founded by Michael Mente and Mike Karanikolas in 2003 and is headquartered in Cerritos, CA.