Analyst Jay Sole of UBS maintained a Hold rating on Revolve Group, boosting the price target to $23.00.
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Jay Sole’s rating is based on a combination of factors that suggest the Revolve Group’s stock is currently fairly valued. The company’s revenue trends in the third quarter appeared solid, aligning with market expectations, which has contributed to the stock’s steady performance, mirroring the S&P 500’s movement. Despite this, there are no significant changes anticipated in the company’s earnings estimates or price-to-earnings ratio, as the fiscal year 2025 guidance remains unchanged.
Sentiment around Revolve Group leans bullish, as indicated by its crowding score and short interest levels, which are above industry averages. Additionally, industry data shows positive trends in website and app traffic, as well as growth in TikTok followers. However, sales and transaction data have shown some deceleration. The price target has been adjusted slightly upward to $23, reflecting a more optimistic view of the company’s long-term growth prospects, particularly in its international business, while maintaining a valuation in line with industry peers.