Revolve Group assumed with a Buy at BTIG

BTIG analyst Janine Stichter assumed coverage of Revolve Group with a Buy rating and $35 price target. The company is "best in class" within the apparel e-commerce space, offering a differentiated model, long track record of profitability, and strong balance sheet, the analyst tells investors in a research note. Revolve Group is a secular share gainer and one of few companies capable of delivering double-digit top-line growth and margin expansion over the medium-term, though investors should look past 1-2 quarters, the firm adds.