RH stock: Goldman Sachs cuts target for RH stock from USD 164.00 to USD 140.00

Published on 10/24/2026 at 04:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs kept a neutral rating on October 20, 2026. For RH stock, second-quarter revenue reached USD 922.15 million, up 2.60 percent.

Analyst target and company results

Goldman Sachs cut its RH target from USD 164.00 to USD 140.00 on October 20, 2026.
Second-quarter 2026 revenue reached USD 922.15 million, up 2.60 percent year over year.
RH had a USD 2.6 billion market capitalization as of October 23, 2026, with a USD 106.30 to USD 239.40 52-week range.

RH, US74967X1037, Illustration mit AI erstellt.

RH (ISIN US74967X1037) faced a lower analyst valuation after MarketBeat reported on October 20, 2026, that Goldman Sachs cut its RH price target from USD 164.00 to USD 140.00 while keeping a neutral rating. The revision follows second-quarter results that combined modest sales growth with a large earnings beat.

Three events shape the stock

On September 10, 2026, RH reported second-quarter fiscal 2026 results. Revenue reached USD 922.15 million, up 2.60 percent from the prior-year quarter, while diluted earnings per share were USD 3.06. On September 18, 2026, RH unveiled RH Estates, its first freestanding RH Estates gallery. The October 20, 2026 Goldman Sachs target cut is the latest of the three dated developments.

The sequence points to a stock balancing expansion plans against slower near-term growth. The company said its long-term strategy targets USD 5 billion to USD 6 billion in North American revenue and USD 20 billion to USD 25 billion globally, but those ambitions are not the same as current reported sales.

What does the target cut mean?

The USD 140.00 target remains above the USD 137.43 NYSE price cited for October 23, 2026, but Goldman Sachs reduced the target by USD 24.00, or 14.63 percent, from USD 164.00. That change puts more weight on execution as RH expands its gallery network and luxury home ecosystem.

Revenue growth stays measured

Second-quarter revenue growth of 2.60 percent was below the company vision's longer-term scale ambitions, while diluted earnings per share of USD 3.06 exceeded the USD 0.38 consensus figure cited by MarketBeat by USD 2.68. The comparison is complicated by the company's reported USD 55.1 million tariff benefit, which supported second-quarter profitability.

Market value and next signal

RH had a USD 2.6 billion market capitalization as of October 23, 2026. Its same-date 52-week range was USD 106.30 to USD 239.40, showing that the stock remained much closer to its annual low than its high. The next investor test is whether future quarterly growth can support the company's expansion strategy.

The further course of trading is shown by the continuously updated real-time quote of RH stock.