Lovesac price target raised to $36 from $32 at Roth MKM

Roth MKM analyst Matt Koranda raised the firm’s price target on Lovesac to $36 from $32 and keeps a Buy rating on the shares. The company’s Q4 results were "solid" despite an uneven macro backdrop with 22% revenue growth and strong incremental flow-through on adjusted EBITDA, the analyst tells investors in a research note. Roth MKM adds that Lovesac’s FY24 outlook was also "better than feared".