Guggenheim raised the firm’s price target on RH (RH) to $550 from $425 and keeps a Buy rating on the shares. Not only did RH meet the mid-point of its Q3 total demand revenue guidance, but management noted that total demand accelerated to 18% during November with RH Brand demand growth accelerating even further December month-to-date, the analyst tells investors. RH’s Q3 results “provide foundational support behind our 2025 base-to-bull case framework” that includes EPS of $15.00-$20.00, the analyst added, while reiterating the firm’s “Best Idea” designation on RH shares.
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