Revolve Group shares are trading higher after TD Cowen upgraded the stock from Market Perform to Outperform and raised its price target from $23 to $25.
Portfolio Pulse from Benzinga Newsdesk
Revolve Group's stock (RVLV) trades higher following an upgrade by TD Cowen from Market Perform to Outperform, with a price target increase from $23 to $25.
March 21, 2024 | 10:56 am
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POSITIVE IMPACT
Revolve Group's stock received a positive analyst rating upgrade from TD Cowen, moving from Market Perform to Outperform, alongside a price target increase from $23 to $25.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a positive outlook on the company's future performance. The increase in price target further strengthens investor confidence in the stock's potential for growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100