Piper Sandler raised the firm’s price target on Revolve Group (RVLV) to $25 from $22 and keeps an Overweight rating on the shares. The firm notes the company beat Q2 estimates across the board, with sales accelerating to double digits in May and June as demand from aspirational consumer bounced back after the April lows. Gross margin was significantly ahead of the guide/consensus, Piper adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RVLV: