Revolve Group price target raised to $13 from $12 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on Revolve Group to $13 from $12 and keeps an Underweight rating on the shares. Despite a decent end to 2023, quarter-to-date comps are trending down mid single digits, which dampens expectations on a revenue inflection, particularly as higher-end demand is seemingly waning and Forward continues to navigate inventory headwinds, the analyst tells investors in a research note.