
RH (RH) Stock Forecast & Price Target
RH (RH) Analyst Ratings
Bulls say
RH is well-positioned to continue outperforming its end market thanks to its fully integrated channels, broadening addressable market, and expanding international presence. The upcoming launch of RH Estates and trade program adjustments only add to its potential for market share capture. Additionally, recent events including the opening of RH Milan and the investment period nearing its peak point only support our positive outlook for the company.
Bears say
RH is facing several challenges, including a significant backlog due to tariff-related resourcing issues, which has now reached approximately $75 million. While the company's revenues exceeded expectations and it continues to expand its presence in various areas, its gross margin has eroded, and it is highly dependent on imported products, exposing it to supply chain and tariff risks. Despite the potential for revenue acceleration in the second half of 2026, there are still concerns about the company's ability to overcome cannibalization and achieve success with its new RH Estates business. Additionally, the lack of consistent and transparent disclosure makes it difficult for investors to have confidence in the company's performance and the current business environment. These factors contribute to our negative outlook on RH's stock and we maintain a Hold rating with a target price of $130 based on a 7.5x EV/FY27E EBITDA multiple.
This aggregate rating is based on analysts' research of RH and is not a guaranteed prediction by Public.com or investment advice.
RH (RH) Analyst Forecast & Price Prediction
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