RH (NYSE:RH) reported better-than-expected first-quarter financial results and raised its FY2026 sales guidance on Thursday.



RH reported quarterly losses of $1.97 per share, which beat the analyst consensus estimate of losses of $2.11 per share. The company reported quarterly sales of $800.328 million, which beat the analyst consensus estimate of $792.780 million.



RH raised its FY2026 sales guidance from $3.577 billion-$3.715 billion to $3.594 billion-$3.715 billion.



RH shares fell 5.8% to trade at $149.95 on Friday.



These analysts made changes to their price targets on RH following earnings announcement.



<ul>
<li>Baird analyst Peter Benedict maintained RH with a Neutral and raised the price target from $125 to $150.</li>



<li>Wells Fargo analyst Zachary Fadem maintained the stock with an Overweight rating and raised the price target from $160 to $175.</li>



<li>Stifel analyst W. Andrew Carter maintained RH with a Hold and raised the price target from $110 to $130.</li>
</ul>



Considering buying RH stock? Here’s what analysts think:



<figure class="wp-block-image size-large is-resized"><img width="1024" height="461" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/12123658/image-340-1024x461.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/06/12123658/image-340-1024x461.png"/></figure>



Photo via Shutterstock

RH reported Q1 earnings beating estimates and raised FY2026 sales guidance, yet shares fell 5.8%. Despite the drop, analysts Baird, Wells Fargo, and Stifel maintained their ratings (Neutral, Overweight, Hold) while raising price targets to $150, $175, and $130 respectively.

benzinga_article

Wells Fargo

Stifel Financial

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

STIFEL FINANCIAL CORP 6.125% DEP SHS REP 1/1000 NON CU PF SR C

Stifel Financial Pref Share SFB 5.2 10/15/47

STIFEL FINANCIAL CORP 6.25%NON CUM DEP SHS REP 1/1000TH SER B

STIFEL FINANCIAL CORP 4.50% DEP SHS REP 1/1000TH PREF SHS SR D

These Analysts Increase Their Forecasts On RH Following Better-Than-Expected Q1 Earnings