RVLV - Revolve Group attracts a new bull with Stifel liking the long-term story

Stifel launched coverage of Revolve Group (NYSE:RVLV) with a Buy rating after shares shed more than 28% this year. Looking down the road, the firm said it sees Revolve Group as leading a generational shift in fashion discovery. Revolve Group (RVLV) is noted to be leveraging social media engagement, data-driven merchandising, and a capital-light business model to gain market share and spark the generational shift of fashion consumption in the $2.37 trillion global apparel market. Stifel assigned a price target of $51 to RVLV to rep 28% upside potential for shares. The 52-week high for RVLV is $89.60. Shares of RVLV rose 0.25% premarket on Tuesday to $40.00. Revolve Group is well liked on Wall Street with 14 Buy-equivalent or higher ratings stacking up against just 3 Hold-equivalent ratings and no Sell-equivalent ratings.

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Revolve Group attracts a new bull with Stifel liking the long-term story