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Eureka Today
By the People, for the People
Telsey Advisory Group Cuts RH Price Target to $140
Analysts cite near-term headwinds from tariffs and weaker-than-expected Q4 results.
Apr. 1, 2026 at 1:42pm
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Telsey Advisory Group lowered its price target on shares of luxury home furnishings retailer RH (NYSE: RH) from $165 to $140, citing the company's weaker-than-expected Q4 earnings and revenue results as well as ongoing tariff pressures that have compressed gross margins.
Why it matters
RH's disappointing Q4 performance and guidance for a revenue decline in Q1 have raised concerns about the company's near-term growth and profitability, even as it maintains a longer-term target of $5.4 billion to $5.8 billion in revenue by 2030.
The details
In a research note, Telsey Advisory Group analysts dropped their price target on RH from $165 to $140 and maintained a 'market perform' rating on the stock. The analysts noted that RH missed Q4 consensus estimates, reporting earnings per share of $1.53 versus the expected $2.21, while revenue also fell short of expectations. Management cited tariff headwinds that compressed gross margins by around 190 basis points as a key factor behind the weaker results.
- RH reported its Q4 2025 earnings on March 31, 2026.
The players
Telsey Advisory Group
A research and advisory firm that covers RH and other retail stocks.
RH
A design-driven luxury retailer specializing in high-end home furnishings, décor, textiles, lighting, and outdoor living products.
What’s next
Investors will be closely watching RH's ability to navigate ongoing tariff headwinds and execute on its long-term growth strategy as the company aims to reach $5.4 billion to $5.8 billion in revenue by 2030.
The takeaway
RH's disappointing Q4 results and near-term guidance have raised concerns about the company's profitability in the face of macroeconomic challenges, even as it maintains ambitious long-term growth targets. Analysts will be scrutinizing RH's ability to manage tariff pressures and drive margin improvement in the quarters ahead.
