BofA raised the firm’s price target on Williams-Sonoma (WSM) to $185 from $155 and keeps a Neutral rating on the shares after the company reported a Q3 top- and bottom-line beat and raised its FY25 net revenue and operating margin outlook. The firm sees balanced risk/reward as muted housing turnover and macro uncertainty are offset by share gains and operating margins that are well ahead of pre-pandemic levels, the analyst tells investors.
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Read More on WSM:
- Williams-Sonoma price target raised to $170 from $150 at Baird
- Williams-Sonoma price target raised to $165 from $140 at Wells Fargo
- Williams-Sonoma price target raised to $123 from $116 at Barclays
- Williams-Sonoma Reports Strong Q3 2024 Earnings
- Williams-Sonoma price target raised to $194 from $156 at Jefferies
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