Williams-Sonoma stock rises 2% after Goldman Sachs upgrades to Buy with $218 target

Williams-Sonoma shares rose about 2% after Goldman Sachs upgraded the stock to Buy from Neutral, raising the price target to $218 from $185. The upgrade follows a recent 14% pullback from February highs, which Goldman views as a buying opportunity due to the company’s strong brand portfolio and potential for sales growth. Despite a mixed Q4 earnings report with revenue slightly below estimates due to calendar effects, the company showed solid comparable brand revenue growth and maintained a strong operating margin. Investors will watch upcoming Q1 earnings to see if tariff costs and sales growth align with guidance, as the company also benefits from a strong balance sheet and ongoing dividend increases.