Citi analyst Steven Zaccone lowered the firm’s price target on RH (RH) to $437 from $556 and keeps a Buy rating on the shares ahead of the Q4 report. The firm sees a Q4 sales beat based on steady high-frequency data trends and strong holiday results from peers. However, it believes RH’s Q4 earnings will come in slightly below Street estimates, saying the pricing environment remains competitive. For 2025, Citi lowered revenue estimates to reflect the likelihood of slowing demand from macro concerns.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RH:
- RH Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- RH price target lowered to $375 from $500 at Wells Fargo
- Positive Outlook on RH: Buy Rating Supported by Strong Market Position and Potential Rebound
- RH removed from Best Ideas List at Wedbush
- RH upgraded to Neutral from Sell at Goldman Sachs