Stock Track | Revolve Group Soars 7.36% Pre-market on Multiple Analyst Upgrades

Stock Track11-05

Revolve Group, LLC (RVLV) shares surged 7.36% in pre-market trading on Wednesday, following a series of positive analyst actions that boosted investor confidence in the fashion e-commerce company.

Barclays analyst Trevor Young raised the firm's price target on Revolve Group to $24 from $23, while maintaining an Equal Weight rating on the shares. This upgrade was quickly followed by Jefferies, which took a more bullish stance by increasing its target price to $28 from $24, representing a significant upside potential from the stock's previous closing price.

Adding to the positive sentiment, KeyBanc analyst Ashley Owens reaffirmed a Buy rating on Revolve Group, further solidifying the stock's appeal to investors. The confluence of these analyst actions appears to have triggered the substantial pre-market rally, as traders positioned themselves ahead of potential further gains in the regular trading session.

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