Revolve Group (RVLV) Remains Capitvating, Cowen Thoughts After NDR

Cowen analyst Oliver Chen reiterated an Outperform rating and $34.00 price target on Revolve Group (NYSE: RVLV) after hosting investor meetings with Co-CEO, Mike Karanikolas and CFO Jesse Timmermans.

The analyst remains positive on the story despite the near-term need to work through inventory stating "We continue to view RVLV as one of the most captivating experiential retail experiences for younger customers based on elite influencer marketing, fashion authority, data-driven processes, and a 40k assortment breadth. Near-term gross margin pressures will be a factor, but we view valuation to be attractive on a longer-term basis".

For an analyst ratings summary and ratings history on Revolve Group click here. For more ratings news on Revolve Group click here.

Shares of Revolve Group closed at $16.74 yesterday.

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