Arhaus price target raised to $14 from $10 at Stifel

Stifel raised the firm’s price target on Arhaus (ARHS) to $14 from $10 and keeps a Buy rating on the shares. Q2 results outpaced the firm’s estimates, Q3 guidance also beat expectations, and reiterated FY25 guidance “reflects significant conservatism,” says the analyst, who views the post-Q2 outperformance in share price as “appropriate.”