DA Davidson Reiterates Buy Rating on The Lovesac Co. (LOVE)

DA Davidson analyst Thomas Forte reiterated a Buy rating and $32.00 price target on The Lovesac Co. (NASDAQ: LOVE).

The analyst comments "LOVE often highlights their innovative StealthTech product as a key differentiator. Innovation remains a key part of the story and was on full display this quarter with several new products driving sales. But, we also see LOVE as a stealth way to play what should be a better housing market driven by falling rates and mortgages. The business is not yet seeing much in the way of housing related green-shoots, but even without that, trends have improved due to new product innovation and more effective marketing. And we believe that by next year, industry trends should turn to a tailwind from a headwind, which supports our BUY rating."

For an analyst ratings summary and ratings history on The Lovesac Co. click here. For more ratings news on The Lovesac Co. click here.

Shares of The Lovesac Co. closed at $25.50 yesterday.

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