RH (NYSE: RH), formerly known as Restoration Hardware, has struggled for years and has recently seen another sharp decline, with shares falling nearly 40% over the past three months. However, Wall Street still sees significant upside, leaving investors to weigh whether the current price presents a buying opportunity.
Shares of the luxury retailer peaked above $700 in mid-2021 during the pandemic boom before giving back much of those gains. By mid-2022, the stock had fallen below $230. It remained volatile in the years that followed, rebounding above $450 in early 2025 before sharply reversing course. Since then, shares have fallen roughly 70%. They are currently trading in the high $130's.
