RH analysts cut price targets after Q2 results
Multiple analysts revised RH price targets following its mixed fiscal 2026 Q2 results; firms included TD Cowen, Wells Fargo, UBS, BofA Securities and Guggenheim.
RH reported mixed second-quarter fiscal 2026 results, prompting several analysts to revise their price forecasts for the company. TD Cowen analyst Max Rakhlenko kept a Buy rating and cut the price target to $190 from $220. Wells Fargo analyst Zachary Fadem maintained an Overweight rating and lowered the price target to $175 from $225. UBS analyst Michael Lasser reiterated a Neutral rating and trimmed the price target to $154 from $155.
BofA Securities analyst Christopher Nardone kept an Underperform rating and reduced the price target to $114 from $156. Guggenheim analyst Steven Forbes maintained a Buy rating and a $200 price target. Forbes said RH is nearing the end of a major investment cycle, which he said could position the company for faster market share gains and stronger incremental margins. 58.
78 Street estimate. 25 million analyst consensus estimate. The company said its new RH Estates collection could potentially double its total addressable market. RH said the aesthetic could drive a major industry trend for more than 20 years and expects Estates to account for 50% of its offering within five years.
715 billion. 631 billion. 52 at the time of publication on Friday.