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Lovesac (LOVE) Stock Forecast & Price Target

$28.16
+1.71 (+6.47%)
(As of 05/28/2024 ET)

Lovesac - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 4 Analyst Ratings

Consensus Price Target

$35.25
25.18% Upside
High Forecast$36.00
Average Forecast$35.25
Low Forecast$34.00
TypeCurrent Forecast
5/29/23 to 5/28/24
1 Month Ago
4/29/23 to 4/28/24
3 Months Ago
2/28/23 to 2/28/24
1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
7 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$35.25$35.33$37.00$60.29
Forecasted Upside25.18% Upside69.68% Upside45.44% Upside140.43% Upside
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LOVE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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LOVE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Lovesac Stock vs. The Competition

TypeLovesacRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
3.00
2.41
2.49
Consensus RatingBuyHoldHold
Predicted Upside25.18% Upside44.00% Upside10.87% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/1/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$60.00 ➝ $35.00+57.80%
4/17/2024Maxim Group
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 Initiated CoverageBuy$36.00+75.52%
4/12/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$44.00 ➝ $36.00+89.37%
4/10/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$34.00+48.15%
3/24/2023Roth Capital
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M. Koranda
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Reiterated RatingBuy
12/8/2022DA Davidson
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 Lower Target$97.00 ➝ $64.00+261.38%
12/8/2022Craig Hallum
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 Lower Target$100.00 ➝ $60.00+238.79%
9/9/2022Stifel Nicolaus
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 Lower TargetBuy$90.00 ➝ $72.00+175.02%
7/21/2022BTIG Research
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 Lower TargetBuy$100.00 ➝ $80.00+133.10%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:58 PM ET.

LOVE Frequently Asked Questions

What is Lovesac's stock forecast and purchase recommendation?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Lovesac is $35.25, with a high forecast of $36.00 and a low forecast of $34.00. The consensus rating for Lovesac stock is Buy based on the current 4 buy ratings for LOVE. Learn more on LOVE's analyst rating history.

Do Wall Street analysts like Lovesac more than its competitors?

Analysts like Lovesac more than other "retail/wholesale" companies. The consensus rating for Lovesac is Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how LOVE compares to other companies.

Does Lovesac's stock price have much upside?

According to analysts, Lovesac's stock has a predicted upside of 66.57% based on their 12-month stock forecasts.

What analysts cover Lovesac?

Lovesac has been rated by research analysts at Canaccord Genuity Group, Maxim Group, Oppenheimer, and Roth Mkm in the past 90 days.


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This page (NASDAQ:LOVE) was last updated on 5/28/2024 by MarketBeat.com Staff

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