Morgan Stanley raised the firm’s price target on RH (RH) to $435 from $310 and keeps an Equal Weight rating on the shares. Accelerating demand and revenue growth in “a tepid industry backdrop indicate momentum is strong and can be sustained,” but a full valuation and tail risks “balance out” the risk/reward, the analyst contends in a post-earnings note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio