Wedbush added RH (RH) to the firm’s Best Ideas List on strong prospects for this top tier retail grower. The firm expects demand growth to accelerate into 2025 and remain strong into 2026 with the new product pipeline still robust, nine new galleries on tap for 2025, a planned website overhaul in the works, encouraging international results and a planned brand extension that the company believes could be worth $1B-plus to sales over time. Importantly, Wedbush believes that RH can outperform without an improvement in housing, but such an improvement would serve to accelerate the company’s growth. The firm has an Outperform rating on the shares with a price target to $500.
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