Maxim Group analyst Tom Forte maintained a Buy rating on The Lovesac Company (LOVE – Research Report) yesterday and set a price target of $38.00.
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Tom Forte has given his Buy rating due to a combination of factors including The Lovesac Company’s recent financial performance and future prospects. Despite the company’s guidance for the second quarter falling short of expectations, the overall fiscal year 2026 guidance remains unchanged, indicating confidence in a rebound in the latter half of the fiscal year.
Forte’s optimism is further supported by the company’s ability to align its first-quarter results with its guidance, showcasing operational stability. The maintained price target of $38 reflects an expectation of recovery and growth, suggesting that the current stock price offers an attractive entry point for investors.
LOVE’s price has also changed moderately for the past six months – from $26.340 to $16.650, which is a -36.79% drop .