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home / news releases / RH - RH: More Confidence That Growth Can Inflect Upwards This Year

RH - RH: More Confidence That Growth Can Inflect Upwards This Year

RH

2024-07-16 10:53:44 ET

Summary

  • Growth inflection is expected in FY24 with positive macro indicators and RH's growth strategy.
  • Margin volatility in the near term due to increased marketing and gallery costs.
  • Target price of ~$373 based on a through-cycle multiple of 21x, potential for upside if growth exceeds expectations.

Investment overview

For further details see:

RH: More Confidence That Growth Can Inflect Upwards This Year
Stock Information
Company Name: RH
Stock Symbol: RH
Market: NYSE
Website: restorationhardware.com
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