Wells Fargo Rates RH buy, $175 Price Target

Wells Fargo's Rating on RH

Wells Fargo has reiterated its buy rating on RH (NYSE: RH) with a price target of $175 as of June 12, 2026. This comes as the stock closed at $147.61 on that date, suggesting a potential upside for investors. The current price is significantly lower than its 52-week high of $239.40, which may attract interest from those looking for value in the specialty retail sector.

Analysts Set New Price Targets

Wells Fargo's recent call stands out among Wall Street's ratings. On September 11, 2026, multiple firms provided insights on RH. Stifel maintained a hold rating with a target of $120, while Morgan Stanley and JP Morgan both kept overweight ratings, setting targets at $210 and $190, respectively. Conversely, BNP Paribas reiterated an underperform rating with a target of $81, and Telsey Advisory Group maintained a market perform rating with a target of $155. This shows a range of perspectives, with Wells Fargo's outlook being one of the more bullish among analysts.

What RH Does

RH operates as a retailer and lifestyle brand, specializing in home furnishings. The company offers a variety of products, including furniture, lighting, and decor, through its galleries and online platforms. With a presence in the U.S. and several international markets, RH continues to evolve in the consumer cyclical sector.

What’s Next for RH

Investors will be looking ahead to RH's next earnings report on December 10, 2026. As a reminder, the recent analyst ratings reflect opinions as of their respective dates and may not indicate current market conditions. The volatility in RH's stock price suggests that further analyst updates could be forthcoming as the company approaches its earnings announcement.