Morgan Stanley analyst Simeon Gutman maintains $Arhaus (ARHS.US)$ with a hold rating, and adjusts the target price from $14 to $11.
According to TipRanks data, the analyst has a success rate of 60.5% and a total average return of 2.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Arhaus (ARHS.US)$'s main analysts recently are as follows:
The company's third-quarter results were somewhat subdued with sales and earnings falling marginally short of expectations. Nevertheless, underlying trends showed improvement throughout the quarter, positioning Arhaus favorably for a potential uptick in housing trends.
The firm noted that Arhaus' third quarter performance was soft, but the outcomes weren't as negative as anticipated, and observed improving trends in October. Furthermore, it's suggested that the fourth quarter demand comparisons may be on the conservative side.
Arhaus' third-quarter results fell short of expectations, leading to a more cautious near-term outlook. The revised guidance appears more optimistic, reflecting recent improvements in demand metrics. From a broader perspective, the company's significant unit growth and opportunities for platform productivity indicate a positive long-term risk/reward scenario for those willing to wait. Nonetheless, current market expectations for incremental margins by FY25 may be overly optimistic.
Note:
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