Analyst Max Rakhlenko of TD Cowen maintained a Buy rating on Williams-Sonoma, reducing the price target to $210.00.
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Max Rakhlenko has given his Buy rating due to a combination of factors, including Williams-Sonoma’s strong performance in the third quarter and its ability to capture market share. Despite the anticipated tariff pressures that are expected to impact the company’s EBIT margins in the fourth quarter, the company has demonstrated solid comparable sales growth and market share expansion, which are encouraging signs for future performance.
Rakhlenko acknowledges the challenges posed by tariffs, estimating a significant impact on margins in the upcoming quarters. However, he highlights the company’s strategic focus on reducing promotions and leveraging supply chain efficiencies as potential mitigators. Additionally, Williams-Sonoma’s consistent market share gains and strong performance in specific divisions, such as Pottery Barn and B2B, reinforce the company’s competitive position. While the price target has been adjusted, the Buy rating is maintained, reflecting confidence in the company’s long-term growth prospects and its ability to navigate macroeconomic challenges.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $202.00 price target.