Jefferies analyst Jonathan Matuszewski maintained a Buy rating on Arhaus, Inc. Class A (ARHS – Research Report) on December 23 and set a price target of $16.00. The company’s shares closed last Wednesday at $13.34, close to its 52-week high of $14.00.
According to TipRanks.com, Matuszewski is a 4-star analyst with an average return of 19.1% and a 69.6% success rate. Matuszewski covers the Consumer Goods sector, focusing on stocks such as Best Buy Co, Home Depot, and Leslie’s.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arhaus, Inc. Class A with a $15.13 average price target, a 27.4% upside from current levels. In a report issued on December 14, Piper Sandler also maintained a Buy rating on the stock with a $17.00 price target.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARHS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Arhaus Inc is a lifestyle brand and omni-channel retailer of home furnishings. The company offers direct-to-consumer approach to furniture and decor, through which it sell artisan-quality products.
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