Nov. 9 at 5:38 PM
Evercore ISI boosted its price target on
$RVLV $21 from
$19, while maintaining an "In Line" rating. The upgrade follows RVLV's strong Q3 performance, highlighted by an EBITDA beat & impressive gross margins. 🚀
While sales growth has slowed for three consecutive quarters, potential catalysts like new partnerships & increased marketing spend could reaccelerate the top line. Firm eyes more visibility on sales for a higher valuation.