D.A. Davidson analyst Tom Forte reiterated a Buy rating on The Lovesac Company (LOVE – Research Report) today and set a price target of $64.00. The company’s shares closed yesterday at $22.92.
According to TipRanks, Forte is a 5-star analyst with an average return of 14.2% and a 50.91% success rate. Forte covers the Technology sector, focusing on stocks such as Roku, Apple, and Amazon.
Currently, the analyst consensus on The Lovesac Company is a Strong Buy with an average price target of $50.50, implying a 120.33% upside from current levels. In a report released today, Roth MKM also maintained a Buy rating on the stock with a $37.00 price target.
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LOVE market cap is currently $348.8M and has a P/E ratio of 16.97.
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The Lovesac Co. is a technology driven, omni-channel company. It designs, manufactures, and sells furniture comprised of modular couches called sactionals and foam beanbag chairs called sacs. Its products include sactionals, sacs, and accessories. The company was founded by Shawn David Nelson in 1995 and is headquartered in Stamford, CT.
Read More on LOVE:
- The Lovesac Company Reports Preliminary Second Quarter Fiscal Year 2024 Results
- Lovesac (NASDAQ:LOVE) Shares Fell Amid Overstated Income Disclosures
- Lovesac down 7% at $22.00 afterhours following restatement of financials
- Lovesac says FY23 net income overstated by $1M-$2M
- Lovesac appoints Kawaja as Chief People Officer
