In a report released today, Oliver Chen from TD Cowen reiterated a Buy rating on Revolve Group, with a price target of $28.00.
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Oliver Chen has given his Buy rating due to a combination of factors, including Revolve’s solid earnings beat and evidence of structural growth. The company delivered stronger‑than‑expected EPS and outsized EBITDA growth, supported by double‑digit sales gains, rising active customers, and higher order volumes, while maintaining disciplined cash generation and inventory management.
Chen also highlights the strategic use of A.I. and owned brands to improve full‑price selling, expand margins, and enhance customer lifetime value. Despite near‑term margin pressure from increased marketing spend, he views this investment as prudent for long‑term brand building, international and omnichannel expansion, and broader category diversification, with the current valuation seen as attractive relative to historical multiples.
According to TipRanks, Chen is a 4-star analyst with an average return of 4.9% and a 52.61% success rate. Chen covers the Consumer Cyclical sector, focusing on stocks such as LuxExperience, Sally Beauty, and Tapestry.
In another report released today, BTIG also reiterated a Buy rating on the stock with a $35.00 price target.