Wall Street

It’s Time To Grab The Lovesac Company By The Shorts

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ValueWalk

The Lovesac Company Is Oversold And Ready To ReboundThe Lovesac Company (NASDAQ:LOVE) has been in a downtrend since early in 2021 driven by fears of slowing growth, diminishing tailwinds, and supply chain issues, and those fears were misplaced. The Q1 2023 results are so strong as to make us believe the analysts haven’t been paying attention and, to be fair, they really haven’t. There’s been minimal analyst activity in calendar 2022 but the takeaway is very bullish. The two include one price target increase and one reduction that are both above the consensus and the Marketbeat.com consensus is…

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