How Analysts Feel About RH (RH) After Achieving All Time High?

RH (NYSE:RH) Logo

The stock of RH (NYSE:RH) reached all time high today, Sep, 13 and still has $178.63 target or 3.00 % above today’s $173.43 share price. This indicates more upside for the $3.24B company. This technical setup was reported by Barchart.com. If the $178.63 PT is reached, the company will be worth $97.17M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.55% or $4.31 during the last trading session, reaching $173.43. About 2.17M shares traded or 118.61% up from the average. RH (NYSE:RH) has risen 2.92% since September 13, 2018 and is uptrending. It has outperformed by 2.92% the S&P500.

RH (NYSE:RH) Ratings Coverage

Among 10 analysts covering RH (NYSE:RH), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. RH has $19600 highest and $7500 lowest target. $164’s average target is -5.44% below currents $173.43 stock price. RH had 21 analyst reports since March 21, 2019 according to SRatingsIntel. The firm has “Buy” rating by Wells Fargo given on Thursday, March 21. Wedbush maintained the shares of RH in report on Wednesday, September 11 with “Outperform” rating. On Tuesday, July 30 the stock rating was maintained by Citigroup with “Buy”. The stock has “Outperform” rating by Wells Fargo on Friday, March 29. Deutsche Bank downgraded RH (NYSE:RH) on Friday, March 29 to “Hold” rating. The stock has “Neutral” rating by Robert W. Baird on Friday, March 29. Stifel Nicolaus maintained RH (NYSE:RH) rating on Wednesday, September 11. Stifel Nicolaus has “Buy” rating and $19600 target. The stock of RH (NYSE:RH) has “Buy” rating given on Monday, March 25 by J.P. Morgan. As per Thursday, June 13, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating by Bank of America given on Wednesday, September 11.

More notable recent RH (NYSE:RH) news were published by: Finance.Yahoo.com which released: “RH (NYSE:RH): Immense Growth Potential? – Yahoo Finance” on June 16, 2019, also Schaeffersresearch.com with their article: “RH Call Traders Bank Big on Pre-Earnings Rally – Schaeffers Research” published on September 12, 2019, Finance.Yahoo.com published: “RH Posts Beat-And-Raise Q2 Despite ‘Some Negative Macro Trends’ – Yahoo Finance” on September 10, 2019. More interesting news about RH (NYSE:RH) were released by: Seekingalpha.com and their article: “RH sets terms on convertible notes offering – Seeking Alpha” published on September 13, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For September 10, 2019 – Benzinga” with publication date: September 10, 2019.

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company has market cap of $3.24 billion. The firm offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. It has a 26.96 P/E ratio. It provides its products through its retail galleries and Source Books, as well as online through rh.com, rhmodern.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and waterworks.com Websites.

RH (NYSE:RH) Ratings Chart

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