Stifel Maintains Buy Rating for Revolve Gr: Here's What You Need To Know

Stifel has decided to maintain its Buy rating of Revolve Gr RVLV and raise its price target from $16.00 to $18.00.

Shares of Revolve Gr are trading up 4.6% over the last 24 hours, at $17.29 per share.

A move to $18.00 would account for a 4.11% increase from the current share price.

About Revolve Gr

The Revolve Group is an emerging e-commerce retailer, selling women's dresses, handbags, shoes, beauty products, and incidentals across its marketplace properties, Revolve and FWRD. The platform is built to suit the "next-generation customer," emphasizing mobile commerce, influencer marketing, and occupying an aspirational but attainable luxury niche. With $1.1 billion in 2022 net sales, the firm sits just outside the top 30 apparel retailers (by sales) in the U.S., but has consistently generated top-line growth north of 20%-25% as the industry continues to favor digital channels. Revolve generates approximately 20% of sales from private-label offerings, while focusing on building an inventory of unique products from emerging fashion brands with less than $10 million in annual sales.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.