UPDATE: Guggenheim Starts Arhaus Inc (ARHS) at Buy

Guggenheim analyst Steven Forbes initiates coverage on Arhaus Inc (NASDAQ: ARHS) with a Buy rating and a price target of $14.00.

The analyst comments "$14 price target, representing ~38% upside potential from current levels. Bottom line, we believe the combination of 1) a large, fast-growing addressable end market, 2) a leading industry position, strengthened by a commitment to quality, 3) significant brand awareness expansion potential, supported by high-single digit unit growth and a new digital platform, 4) a low cost, high margin and flexible retail operating model, and 5) an improving ROIC profile, augmented by highly visible and meaningful margin “unlocks” positions ARHS shares for outperformance over the next 12 months."

For an analyst ratings summary and ratings history on Arhaus Inc click here. For more ratings news on Arhaus Inc click here.

Shares of Arhaus Inc closed at $9.99 yesterday.

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