Williams-Sonoma price target raised to $295 from $261 at RBC Capital

RBC Capital raised the firm’s price target on Williams-Sonoma to $295 from $261 and keeps an Outperform rating on the shares after its Q4 earnings beat. The stock rallied 18% on the print and has now gained 155% over the past 10 months, the analyst tells investors in a research note. The stock is embedding FY24 delivery near the high end of the guidance range and mid-single-digit net sales growth and margin expansion in FY25, though while this is not unrealistic, significant EPS upside for Williams-Sonoma also seems “somewhat limited”, the firm added.