Roth Capital raised the firm’s price target on Revolve Group (RVLV) to $33 from $30 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm is positive on the company’s sales and demand acceleration, with Revolve delivering over 10% y/y growth while guiding Q1 growth at over 16%, the analyst tells investors in a research note. Roth adds that it sees encouraging indicators that strong double-digit growth may be sustainable.
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Read More on RVLV:
- Revolve Group price target raised to $35 from $30 at BTIG
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