Revolve Group, Inc

RVLV NYSE
RVLV
Revolve Group, Inc NYSE
 
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Upcoming Earnings
EPS
Market Cap
Div Yield
P/E

Important events

Mar 182022

A revolving door of good news

Online clothing designer Revolve gets picked as the “ultimate reopening” stock.

🔍 Key points:

  • Equities researcher Needham initiated coverage on the fashion company with a buy rating on Thursday, handing the stock a $60 price target – a premium of over 25% on current prices.
  • Revolve is the “ultimate reopening play” and is expected to carry on leveraging data to gain more market share as consumers get back to in-person events after covid, especially given its unique influencer marketing model.
  • Prices lifted nearly 7% on Thursday to build on similar gains from the day before, now up over 11% for the week. The good news comes on the back of an earnings beat a few weeks back, which contributed to Needham’s bullishness.
Alexander Mueller / Pxhere

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