RH price target raised to $500 from $420 at Stifel

Stifel raised the firm’s price target on RH (RH) to $500 from $420 and keeps a Buy rating on the shares. Demand continues to be “a key point of differentiation,” with post-Q3 demand acceleration above expectations, driving the increased FY25 revenue outlook, which now includes 17% revenue growth, the analyst tells investors.