Goldman Sachs cuts target for RH stock to USD 140.00

Published on 10/20/2026 at 21:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RH reported USD 922.15 million revenue in Q2 2026, up 2.60 percent year over year. RH stock costs EUR 107.50 on October 20, 2026 at 9:44 p.m. CEST.

Analyst target and quarterly figures

Goldman Sachs cut its RH target to USD 140.00 from USD 164.00 on October 20, 2026.
RH reported USD 922.15 million revenue for the second quarter of fiscal 2026, up 2.60 percent year over year.
RH stock costs EUR 107.50 at Lang & Schwarz on October 20, 2026 at 9:44 p.m. CEST.

RH, US74967X1037, Illustration mit AI erstellt.

Goldman Sachs cut its price target for RH (ISIN US74967X1037) to USD 140.00 from USD 164.00 while keeping a neutral rating in a report dated October 20, 2026, as MarketBeat reported. At Lang & Schwarz, RH was trading at EUR 107.50 on October 20, 2026 at 9:44 p.m. CEST.

Revenue reached USD 922.15 million

RH reported USD 922.15 million revenue for the second quarter of fiscal 2026, covering the period ended August 1, 2026. Revenue increased 2.60 percent from the same quarter a year earlier, while net income reached USD 60.17 million and diluted earnings per share came to USD 3.06. The figures were published with RH's second-quarter results on September 10, 2026, which are available from RH.

The quarterly revenue also exceeded the USD 915.09 million consensus cited by MarketBeat, while diluted earnings per share exceeded the USD 0.38 consensus by USD 2.68. That comparison puts the analyst target cut beside a quarter with limited revenue growth but a large earnings variance.

Stock remains near its yearly floor

RH's primary listing is on the NYSE, where the stock's 52-week range was USD 106.30 to USD 239.40 as of October 20, 2026. The Lang & Schwarz euro quotation cannot be netted against that dollar range, but the current home-market figures place RH much nearer its yearly low than its yearly high. The USD 2.3 billion market capitalization and 21.40 price-to-earnings ratio also frame the valuation discussion.

Target cuts reset the valuation debate

Goldman Sachs is not alone in taking a cautious view. The MarketBeat report listed a USD 163.79 average target from 19 analyst ratings, including seven buys, nine holds and three sells. Its target range extended from USD 114.00 to USD 210.00. The gap between the average target and Goldman's USD 140.00 target underlines the wide spread in expectations for RH's recovery.

RH is building a broader luxury platform

RH's investor-relations materials describe a business that combines luxury home furnishings with galleries, design services, hospitality and future residential concepts. The company has also presented RH Estates, with the first freestanding gallery announced for Greenwich Avenue on September 18, 2026. For investors, the key measure remains whether the planned expansion can convert the brand's broader ecosystem into faster revenue growth than the 2.60 percent reported for the second quarter.

Target cut sets the closing tone

Goldman Sachs' revised USD 140.00 target sits USD 32.50 above the current Lang & Schwarz quotation when the currencies are kept separate, so it is not a direct euro price comparison. The dated analyst action and the latest quarter give RH stock two competing signals: restrained sales growth and a still-wide range of Wall Street expectations.

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