On Nov 22, major Wall Street analysts update their ratings for $Williams-Sonoma (WSM.US)$, with price targets ranging from $180 to $195.
Jefferies analyst Jonathan Matuszewski maintains with a buy rating, and maintains the target price at $194.
Evercore analyst Oliver Wintermantel maintains with a hold rating, and adjusts the target price from $140 to $180.
TD Cowen analyst Max Rakhlenko maintains with a buy rating, and adjusts the target price from $160 to $195.
Loop Capital analyst Anthony Chukumba maintains with a hold rating, and adjusts the target price from $145 to $180.
Oppenheimer analyst Brian Nagel maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Williams-Sonoma (WSM.US)$'s main analysts recently are as follows:
After announcing Q3 results that exceeded expectations on both revenue and earnings fronts and upgrading its forecast for FY25 revenue and operating margins, analysis suggests a balanced risk/reward scenario for Williams-Sonoma. This view is based on the offsetting forces of subdued housing turnover and macroeconomic uncertainties against the advantages of market share gains and operating margins that surpass those seen before the pandemic.
It has been noted that Williams-Sonoma's sales exhibited a modest sequential improvement, yet the multi-year growth rates are persistently decelerating. Combined with the uncertainties in the housing market, this trend makes it challenging to anticipate a positive shift in the near future.
Visibility into a category inflection remains limited, yet increased 'newness' is expected to maintain at least stable top-line performance. Although margin comparisons are becoming more challenging, management appears to have sufficient flexibility to maintain a mid-to-high teens operating margin.
Williams-Sonoma has seen its stock increase by over 70% year-to-date following continued improvements in sales trends, market share gains, and strong profitability. The stock's current market multiple exceeds its typical range, viewed as justified considering its elevated and stable margins and promising prospects for recovering comparative sales in 2025. The attractiveness of Williams-Sonoma could become even more apparent with the broader recovery in the big-ticket and discretionary Home Furnishing sectors.
Williams-Sonoma's recent third-quarter results surpassed expectations, highlighting the success of management's strategy to reduce promotions, which contributed to a robust market response.
Here are the latest investment ratings and price targets for $Williams-Sonoma (WSM.US)$ from 6 analysts:
Note:
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