Williams-Sonoma price target raised to $300 from $240 at Evercore ISI

Evercore ISI raised the firm’s price target on Williams-Sonoma to $300 from $240 and keeps an In Line rating on the shares. William-Sonoma continues to perform “close to the bull case scenario” and “far better than bear case skepticism,” says the analyst, who adds that Q4 earnings and 2024 guidance are “yet another indication that mid-teens operating margins are here to stay” and potentially go higher. Applying a market multiple to the firm’s raised $16.25 2025 EPS estimate reflects the success the company has had over the last few years, the analyst added.