Deutsche Bank Assigns Buy On Restoration Hardware Holdings, $90 PT
In a research report issued today, Deutsche Bank analyst Adam Sindler assigned a Buy rating on Restoration Hardware Holdings (NYSE:RH) with a price target of $90.00.
Sindler wrote, “We see significant potential in shares of RH as the company from a lower-scale mall operator to a best-in-class operator of larger design galleries. We expect this transformation to drive revenue growth in the 20% range and EPS growth in the 25% – 30% range over the next several years. We like RH for several reasons: 1) RH is in the very early innings of this real estate transformation, 2) RH has a relatively low market share in a healthy category, 3) current business is already completely direct / e-comm, so we see little impact to the P&L, and 4) we see potential room for upside in revenue guidance at the new stores. We also believe RH has one of the better management teams in our space.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Adam Sindler has a total average return of -4.2% and a 27.3% success rate. Sindler is ranked #2638 out of 3335 analysts.