As of January 10, 2024, a total of 13 analysts have thoroughly examined the expert ratings for Revolve Group (RVLV) in the past three months, resulting in a wide range of perspectives from bullish to bearish. The following table presents a snapshot of their recent ratings, illustrating the evolution of sentiments over the last 30 days and comparing them to previous months:
Rating Total Ratings Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago
Bullish 5 0 2 0 3
Somewhat Bullish 1 0 0 0 1
Indifferent 6 0 2 0 4
Somewhat Bearish 0 0 0 0 0
Bearish 1 1 0 0 0
Analysts have provided an average 12-month price target of $15.92, with a high estimate of $21.00 and a low estimate of $12.00. It is worth noting that the average price target has experienced a decrease of 16.21%.
Let’s delve into the recent actions taken by analysts and their impact on ratings and price targets:
– Alexandra Steiger from Goldman Sachs has recently announced a “Sell” rating, accompanied by a price target of $12.00.
– Mark Altschwager from Baird, on the other hand, has declared a “Neutral” rating with a price target of $17.00.
– Randal Konik from Jefferies has opted for a “Hold” rating, along with a price target of $17.00.
– Matt Koranda from Roth MKM has raised both the rating to “Buy” and the price target to $21.00 from $16.00.
– Jim Duffy from Stifel has also raised the rating to “Buy” and the price target to $18.00 from $16.00.
– Michael Binetti from Evercore ISI Group has announced an “In-Line” rating, accompanied by a price target of $14.00.
– Simeon Siegel from BMO Capital has lowered the rating to “Market Perform” and the price target to $13.00 from $17.00.
– Edward Yruma from Piper Sandler has downgraded the rating to “Neutral” and the price target to $16.00 from $20.00.
– Tom Nikic from Wedbush has also downgraded the rating to “Neutral” and the price target to $12.00 from $19.00.
– Anna Andreeva from Needham has lowered the rating to “Buy” and the price target to $16.00 from $22.00.
Taking all these actions into consideration, the overall consensus rating for Revolve Group is currently “Hold”.
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RVLV Stock Faces a Challenging Day with 3.01% Decrease on January 10, 2024
RVLV, the stock of the popular online luxury fashion retailer Revolve Group Inc., experienced a challenging day on January 10, 2024. The stock opened at $14.41, which was $0.73 lower than its previous close. The price of RVLV shares dropped by $0.46 since the market last closed, representing a 3.01% decrease.
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RVLV Stock Shows Mixed Performances: Decrease in Revenue and Net Income Raise Concerns for Investors
On January 10, 2024, RVLV stock showed mixed performances based on the financial data provided. Revolve Group Inc. reported a total revenue of $1.10 billion for the past year, with a notable increase of 23.56% compared to the previous year. However, in the most recent quarter, the company’s total revenue decreased by 5.89% to $257.60 million. This decrease in total revenue since the last quarter might be a cause for concern for investors.
In terms of net income, Revolve Group Inc. reported a net income of $58.70 million for the past year, showing a significant decrease of 41.21% compared to the previous year. In the most recent quarter, the company’s net income decreased by an even larger margin of 56.48% to $3.18 million. This decline in net income since the last year and the last quarter might raise concerns among investors.
The earnings per share (EPS) figures also showed a decline. Revolve Group Inc. reported an EPS of $0.79 for the past year, representing a decrease of 41.19% compared to the previous year. In the most recent quarter, the company’s EPS decreased by 56.29% to $0.04. This decline in EPS mirrors the decrease in net income, indicating that each share of Revolve Group Inc.’s stock is generating less profit for shareholders.
Overall, the mixed performances of RVLV stock on January 10, 2024, suggest potential challenges faced by Revolve Group Inc. in maintaining profitability. Investors should closely monitor the company’s financial performance and consider these factors when assessing the stock’s potential.
