Analyst Steven Zaccone from Citi maintained a Hold rating on RH (RH – Research Report) and keeping the price target at $200.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Steven Zaccone has given his Hold rating due to a combination of factors including the recent leadership changes at RH. The announcement of Lisa Chi rejoining the company as President and Co-Chief Merchandising Officer raises questions about the timing and strategic implications of this move. Her previous experience at RH and recent role at Arhaus suggest potential benefits, but the exact impact remains uncertain.
Additionally, the dual leadership structure with Eri Chaya could indicate a succession plan or strategic shift, but details are sparse as RH is currently in a quiet period. The market’s reaction to these changes and the company’s future performance are yet to be fully understood, leading to a cautious outlook. The expected share price return of -3.6% also supports a conservative stance, justifying the Hold rating.
According to TipRanks, Zaccone is a 4-star analyst with an average return of 3.7% and a 56.14% success rate. Zaccone covers the Consumer Cyclical sector, focusing on stocks such as Best Buy Co, RH, and Advance Auto Parts.