ARHS - Arhaus is called one of the most attractive stocks from the IPO class of 2020-2021

Arhaus (NASDAQ:ARHS +0.5%) made a list of IPO stocks at Bank of America that look attractive after the market meltdown with valuation comparing favorably to other Internet IPO and SPAC companies that debuted in the last two years. Analyst Curtis Nagle and team are still positive on growth for the premium/luxury furnishings sector over the next several years, which is forecast to grow above the industry as a whole. Notably, the firm sees a strong case for years of market share gains for ARHS given the growing brand awareness, higher emphasis on e-commerce, and accelerated store growth. Also supporting the BofA bull case on Arhaus (ARHS) is that the retailer is outperforming premium peers. Supply chain and sourcing competitive advantages were also highlighted, as was the continuing trend of strong high-end monthly existing home turnover. BofA kept a Buy rating on the sleeper stock and assigned a price objective of

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Arhaus is called one of the most attractive stocks from the IPO class of 2020-2021