RH downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Kate McShane downgraded RH (RH) to Sell from Neutral with a price target of $179, down from $199. While the housing market remains pressured, RH will face increasingly difficult compares for the remainder of 2025, the analyst tells investors in a research note. Further, the firm believes one of the company’s new brand extensions was recently delayed from the second half of 2025 to spring 2026. Growth at RH is likely to slow without improvement in the housing market and as it laps a significant relaunch of their categories which showcased newness and innovation, contends Goldman.