TD Cowen analyst Max Rakhlenko maintains $Arhaus (ARHS.US)$ with a buy rating, and maintains the target price at $13.
According to TipRanks data, the analyst has a success rate of 60.8% and a total average return of 9.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Arhaus (ARHS.US)$'s main analysts recently are as follows:
While Arhaus' third-quarter headline reflected sales and earnings that were marginally below expectations, there was an observed improvement in underlying trends throughout the period. The company appears to be well situated to capitalize upon any forthcoming advancements in housing trends.
After the third quarter results which did not meet expectations, the outlook for Arhaus appears cautiously optimistic with revised guidance hinting at an upward trend due to recent improvement in demand comparisons. Over the long term, the prospects of substantial unit growth and opportunities for platform productivity present an attractive risk/reward scenario for patient investors. Nevertheless, immediate excitement is curbed by the perception that the market's expectations for incremental margins by FY25 may be overly optimistic.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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