RH - Arhaus And RH Distinguished By Premium Focus Scale And National Networks - Analyst Initiates Coverage | Benzinga
Stifel analyst Andrew Carter initiated coverage on Arhaus, Inc. (NASDAQ:ARHS) with a Buy rating and forecast of $19.5.
According to Carter, Arhaus’s short public market tenure has been successful with consistent execution, enabling revenue growth to build upon the COVID surge.
In addition, the current discount to retail peers is undervaluing the analyst’s growth outlook, with Arhaus in the middle innings of executing its primary expansion initiative.
The analyst also initiated coverage on RH (NYSE:RH) with a Buy rating and a forecast of $315.
RH disproportionately capitalized on the COVID surge, but pressure amid rightsizing has drawn scrutiny, with shares down 68% from the August 2021 ...