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Analysts Offer Insights on Consumer Cyclical Companies: RH (RH) and Driven Brands Holdings (DRVN)

Tipranks - Sat Jun 13, 5:16AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on RH (RH) and Driven Brands Holdings (DRVN) with bullish sentiments.

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RH (RH)

In a report released yesterday, Zachary Fadem from Wells Fargo assigned a Buy rating to RH, with a price target of $175.00. The company’s shares closed last Thursday at $159.32.

According to TipRanks.com, Fadem is a 4-star analyst with an average return of 3.2% and a 52.8% success rate. Fadem covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Restaurant Brands International, and Darden Restaurants. ;'>

Currently, the analyst consensus on RH is a Moderate Buy with an average price target of $165.56, an 11.4% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $202.00 price target.

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Driven Brands Holdings (DRVN)

BTIG analyst Marvin Fong maintained a Buy rating on Driven Brands Holdings yesterday and set a price target of $17.00. The company’s shares closed last Thursday at $13.83.

According to TipRanks.com, Fong is a 1-star analyst with an average return of -0.3% and a 40.4% success rate. Fong covers the NA sector, focusing on stocks such as SunCar Technology Group, Mercadolibre, and Carvana Co. ;'>

Currently, the analyst consensus on Driven Brands Holdings is a Moderate Buy with an average price target of $16.69, which is a 17.1% upside from current levels. In a report issued on June 7, Canaccord Genuity also maintained a Buy rating on the stock with a $18.00 price target.

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