Williams-Sonoma Analysts Increase Their Forecasts After Q2 Earnings
Portfolio Pulse from Lisa Levin
Williams-Sonoma, Inc. (NYSE:WSM) reported better-than-expected Q2 earnings but missed revenue consensus. The company revised its FY23 guidance reflecting lower revenue trends. Following the earnings announcement, several analysts including Telsey Advisory Group, B of A Securities, Barclays, Wedbush, and Morgan Stanley raised their price targets on Williams-Sonoma.
August 24, 2023 | 2:04 pm
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Williams-Sonoma reported better-than-expected Q2 earnings but missed on revenue. The company also revised its FY23 guidance downwards. However, several analysts raised their price targets on the stock following the earnings announcement.
Williams-Sonoma's better-than-expected earnings could boost investor confidence, but the missed revenue consensus and downward revision of FY23 guidance could offset this positive sentiment. The raised price targets by analysts could provide some upward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100