Williams-Sonoma (WSM) Stock Price: $134 Target From Citi

By Amit Chowdhry ● Jun 13, 2022
  • The shares of Williams-Sonoma, Inc. (NYSE: WSM) have received a $134 price target from Citi. These are the details.

The shares of Williams-Sonoma, Inc. (NYSE: WSM) have received a $134 price target from Citi. And Citi analyst Steven Zaccone is maintaining a “Neutral” rating on the shares.

Zaccone adjusted the rating following the company’s first-quarter results. Williams-Sonoma had reported a Q1 EPS of $3.50, which was $0.62 higher than analyst estimates of $2.88. And the revenue for the quarter was $1.89 billion compared to the consensus estimate of $1.8 billion.

Williams-Sonoma is expecting the fiscal year 2022 financial performance to be in line with our long-term financial guidance of mid-to-high single-digit annual net revenue growth, increasing revenues to $10 billion by the fiscal year 2024, and operating margins relatively in line with our fiscal year 2021 operating margin.

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