Baird lowered the firm’s price target on Revolve Group (RVLV) to $28 from $31 and keeps a Neutral rating on the shares. The firm updated its model following Q1 results where the top line was overshadowed by its margin miss.
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Read More on RVLV:
- Oliver Chen Reiterates Buy on Revolve, Sees Durable Double-Digit Growth with Unchanged $28 Price Target
- Revolve Group Earnings Call Highlights Growth Momentum
- Dylan Carden Reiterates Buy on Revolve, Citing Sustained Mid-Teens Growth Momentum and Strategic Brand Investments Despite Softer Margins
- Revolve Group reports Q1 EPS 20c, consensus 20c
- Revolve Group sees Q2 gross margin 54.1%-54.6%