Stock Track | RH Soars 8.46% Intraday Despite Mixed Q3 Results and Analyst Caution

Stock Track12-12 22:36

RH's stock surged 8.46% during Friday's intraday trading, defying mixed third-quarter results and a series of analyst price target cuts. The home furnishings company reported revenue of $883.81 million, slightly beating estimates, but earnings of $1.71 per share fell short of expectations.

CEO Gary Friedman highlighted the company's "industry-leading growth" despite a challenging housing market and tariff-related disruptions. However, RH narrowed its annual sales outlook, prompting analysts from Jefferies, Stifel, and Telsey Advisory Group to slash price targets. Investors appeared to focus on RH's resilience, driving the stock higher despite the cautious analyst sentiment.

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