Jefferies analyst Jonathan Matuszewski has maintained their bullish stance on RH stock, giving a Buy rating on March 12.
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Jonathan Matuszewski has given his Buy rating due to a combination of factors that reflect a positive outlook on RH’s stock. He highlights the recent upward performance of RH in comparison to the SPY index since February 18, indicating a strong market position. This performance suggests that RH is well-positioned to capitalize on market trends and investor interest.
Furthermore, Matuszewski notes the potential for a rebound in RH’s stock following portfolio unwinds, which often lead to a ‘rewind’ bid. This indicates that after a period of adjustment, RH’s stock could see renewed buying interest, making it an attractive investment opportunity. These factors combined support his optimistic view and justify the Buy rating for RH.
In another report released on March 12, Telsey Advisory also maintained a Buy rating on the stock with a $500.00 price target.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RH in relation to earlier this year.