RH upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs upgraded RH to Neutral from Sell with a price target of $155, up from $86. After several earnings misses driven by margin pressure, promotions, tariffs, backorders, and international expansion costs, RH could see stronger sales and margin improvement in 2027, though ongoing earnings volatility, declining membership, and inventory and discounting risks support a cautious outlook, the analyst tells investors in a research note.
Goldman Sachs upgraded RH to Neutral from Sell with a price target of $155, up from $86.
After several earnings misses driven by margin pressure, promotions, tariffs, backorders, and international expansion costs, RH could see stronger sales and margin improvement in 2027, though ongoing earnings volatility, declining membership, and inventory and discounting risks support a cautious outlook, the analyst tells investors in a research note.