On Nov 08, major Wall Street analysts update their ratings for $Arhaus (ARHS.US)$, with price targets ranging from $11 to $13.
BofA Securities analyst Robert Ohmes downgrades to a hold rating, and adjusts the target price from $15 to $11.
Barclays analyst Seth Sigman maintains with a buy rating, and adjusts the target price from $15 to $13.
TD Cowen analyst Max Rakhlenko maintains with a buy rating, and adjusts the target price from $14 to $13.
Baird analyst Peter Benedict maintains with a buy rating, and adjusts the target price from $14 to $11.
Telsey Advisory analyst Cristina Fernandez downgrades to a hold rating, and adjusts the target price from $17 to $11.
Furthermore, according to the comprehensive report, the opinions of $Arhaus (ARHS.US)$'s main analysts recently are as follows:
While the company's Q3 headline was somewhat disappointing with sales and earnings marginally falling short of expectations, the underlying trends showed improvement throughout the quarter. It is suggested that Arhaus is poised to capitalize once housing trends take a positive turn.
After Arhaus released third-quarter results that fell short of expectations, it was noted that the revised guidance appears to have a positive bias, thanks to recent improvements in demand comparisons. Looking at the larger scale, significant unit growth and platform productivity opportunities indicate a positive long-term risk/reward for those willing to wait, although current excitement is curbed by the observation that the market's incremental margin forecasts for FY25 seem overly optimistic.
Here are the latest investment ratings and price targets for $Arhaus (ARHS.US)$ from 7 analysts:
Note:
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