Where RH Stands With Analysts
Portfolio Pulse from Benzinga Insights
RH (NYSE:RH) has received mixed analyst ratings in the last quarter, with 1 bullish, 1 somewhat bullish, and 7 indifferent. No bearish ratings were reported. The average 12-month price target for RH is $353.89, which is an 11.46% increase from the previous target of $317.50. The high target is $440.00 and the low target is $260.00. Analysts provide these ratings based on financial statements, meetings, and insider information, although it's important to remember that their forecasts are not infallible.
November 17, 2023 | 3:00 pm
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POSITIVE IMPACT
RH has received mostly indifferent ratings from analysts, but the average price target has increased by 11.46%, suggesting a positive outlook from analysts.
The increase in the average price target for RH indicates that analysts see potential for the stock to rise. The lack of bearish ratings and the presence of bullish and somewhat bullish ratings support a positive short-term impact on the stock price. However, the predominance of indifferent ratings suggests that the stock may not see a significant surge, but rather a steady increase if the analysts' predictions hold true.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100