D.A. Davidson analyst Tom Forte reiterated a Buy rating on The Lovesac Company (LOVE – Research Report) today and set a price target of $24.00. The company’s shares closed last Friday at $17.56.
Forte covers the Technology sector, focusing on stocks such as Amazon, Rumble, and Apple. According to TipRanks, Forte has an average return of 11.4% and a 50.61% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Lovesac Company with a $35.00 average price target, representing a 99.32% upside. In a report released on November 3, Canaccord Genuity also maintained a Buy rating on the stock with a $44.00 price target.
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LOVE market cap is currently $267.2M and has a P/E ratio of 20.14.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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The Lovesac Company (LOVE) Company Description:
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.
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