Revolve Group price target raised to $21 from $16 at Roth MKM

Roth MKM raised the firm’s price target on Revolve Group to $21 from $16 and keeps a Buy rating on the shares after hosting its management at the Roth Deer Valley Conference. Among the key takeaways of the discussion was that the company’s new categories bode well for growth in the near-to-medium term, even though annualized comps may not ease until February, the analyst tells investors in a research note. The firm further notes that it sees signs of operational efficiency, which bodes well for Revolve Group’s margin expansion as growth kicks back in.