Needham Maintains Buy on Revolve Gr, Lowers Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Anna Andreeva has maintained a 'Buy' rating on Revolve Group (NYSE:RVLV), but lowered the price target from $25 to $22.
August 04, 2023 | 12:48 pm
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NEUTRAL IMPACT
Revolve Group's price target has been lowered from $25 to $22 by Needham, though the 'Buy' rating is maintained.
The news directly pertains to Revolve Group (RVLV) as Needham has lowered its price target for the company. However, the 'Buy' rating is maintained, indicating that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100