RH Shares Leap On Heels Of Q2 Revenue Report, But Analysts Say Management Is 'Too Optimistic'
Portfolio Pulse from Priya Nigam
RH shares surged 23.6% following its Q2 revenue report, despite mixed analyst opinions. While some analysts raised price targets, concerns about management's optimistic guidance and future demand risks remain.
September 13, 2024 | 3:14 pm
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RH shares rose 23.6% after Q2 results exceeded revenue expectations but missed earnings consensus. Analysts have mixed ratings, with some raising price targets. Concerns about optimistic guidance and demand risks persist.
RH's Q2 revenue exceeded expectations, leading to a significant stock price increase. Analysts have mixed views, with some raising price targets, indicating positive sentiment. However, concerns about optimistic guidance and demand risks suggest potential volatility.
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