Read Why Stifel Sees 28% Upside In This Online Fashion Retailer

Stifel analyst Jim Duffy initiated coverage of Revolve Group Inc RVLV with a Buy rating and $51 price target, implying a 27.8% upside.
Duffy noted Revolve is leveraging social media engagement, data-driven merchandising, and a capital-light business model to lead a "generational shift of fashion consumption "and gain share in the $2.37 trillion global apparel, footwear, accessories, and beauty market.
The analyst sees Revolve as the choice of a new generation as legacy fashion retailers struggle to engage younger customers and transition to a profitable e-commerce model.
Duffy expects multiple years of 20% or better revenue growth and expanding margins for the company.
Price Action: RVLV shares closed lower by 9.32% at $39.90 on Monday.

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