RH (NYSE:RH) on Thursday reported mixed second-quarter fiscal 2026 results. Several analysts revised the price forecast for the company following the results release.

• TD Cowen analyst Max Rakhlenko maintained a Buy rating and lowered the price target from $220 to $190.
• Wells Fargo analyst Zachary Fadem kept an Overweight rating and slashed the price target from $225 to $175.
• UBS analyst Michael Lasser reiterated a Neutral rating and cut the price target from $155 to $154.
• BofA Securities analyst Christopher Nardone retained an Underperform rating and trimmed the price target from $156 to $114.
• Guggenheim analyst Steven Forbes maintained a Buy rating and $200 price target.

Guggenheim analyst writes that he believes RH is nearing the end of a major investment cycle, positioning the company for faster market share gains alongside stronger incremental margins.

Following updated commentary on RH Estates collection, the analyst raised estimates for the company.

Forbes raised fiscal 2026 revenue estimate to $3.629 billion-$3.680 billion (from $3.594 billion-$3.715 billion) and adjusted EPS estimate to $5.22-$6.99 (from $3.81-$6.58).

• RH stock is showing upward movement. Why is RH stock trading higher?

Earnings Snapshot

RH reported adjusted earnings of $2.70 per share, beating the $1.78 Street estimate.

Revenue rose 2.6% year over year to $922.15 million but missed the $936.25 million analyst consensus estimate.

The company said its new RH Estates collection could potentially double its total addressable market. RH expects the aesthetic to drive a major industry trend for more than 20 years. The company expects Estates to account for 50% of its offering within five years.

RH narrowed its fiscal 2026 sales guidance to $3.629 billion to $3.681 billion from $3.594 billion to $3.715 billion. The analyst estimate is $3.631 billion.

RH Stock Price Activity: RH shares were up 1.87% at $136.52 at the time of publication on Friday.

Photo via Shutterstock