Wells Fargo (NYSE:WFC) analyst Zachary Fadem maintained a Buy rating on RH (NYSE:RH) on Wednesday, setting a price target of $575, which is approximately 13.08% above the present share price of $508.5.
Fadem expects RH to post earnings per share (EPS) of $2.37 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in RH, with an average price target of $568.75.
The analysts price targets range from a high of $575 to a low of $560.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $844.01 million and a net profit of $111.22 million. The company's market cap is $10.37 billion.
According to TipRanks.com, Wells Fargo analyst Zachary Fadem is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.5% and a 76.75% success rate.
RH operates as a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites. The company was founded by Stephen J. Gordon in 1980 and is headquartered in Corte Madera, CA.