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Telsey Advisory keeps RH rating at Market Perform despite mixed Q2 results and raises price target to $155.

Analyst Insights
11 Sep 2026, 21:13 WIB
Gordon Thompson
View Source
Neutral
Telsey Advisory keeps RH rating at Market Perform despite mixed Q2 results and raises price target to $155.

Telsey Advisory maintained a Market Perform rating for RH, a luxury home furnishings company, after its mixed Q2 results. RH reported strong earnings of $2.70 per share, beating estimates significantly, but its revenue of $922.15 million fell short of expectations. The company benefited from a $55 million tariff refund, which helped offset supply chain costs driven by rising oil prices. Despite the earnings beat, RH faces challenges from weak housing demand and inflation, leading it to focus on reducing its high debt levels. This cautious outlook supports the maintained neutral rating and a raised price target from $140 to $155.

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