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Lovesac revenue poised to accelerate over coming years, says DA Davidson

DA Davidson analyst Michael Baker keeps a Buy rating and $24 price target on Lovesac (LOVE) ahead of its Q2 results. The key focus being an update on new product launches, but beyond the quarter, the guidance will be the big driver, with Lovesac’s ability to reiterate their plan for a back half acceleration in sales and profit growth seen as the key catalyst, the analyst tells investors in a research note.

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