Roth Capital analyst Matt Koranda raised the firm’s price target on Revolve Group (RVLV) to $30 from $27 and keeps a Buy rating on the shares after its Q3 earnings beat. The quarter appears to be pivotal for Revolve, which delivered a large gross margin surprise that resulted in a significant adjusted EBITDA beat, while the management seems to be telegraphing sustained margin strength ahead, the analyst tells investors in a research note.
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