Canaccord Genuity Maintains Buy on Lovesac, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Maria Ripps maintains a Buy rating on Lovesac (NASDAQ:LOVE) but lowers the price target from $44 to $36.

April 12, 2024 | 3:49 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Lovesac but lowers the price target from $44 to $36.
While the maintenance of a Buy rating by Canaccord Genuity indicates continued confidence in Lovesac's fundamentals and growth potential, the reduction in the price target from $44 to $36 could reflect adjustments in valuation metrics or market conditions that might temper short-term price expectations. The neutral score reflects the mixed nature of the news, with positive sentiment from the Buy rating potentially offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100