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Could Williams-Sonoma Be a $72 Stock?

TheMotleyFool

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Although retailers and just about every other business in the market got doused with cold water yesterday after Federal Reserve Chairman Jerome Powell predicted a tough slog through a recession rather than a V-shaped recovery, Williams-Sonoma (NYSE: WSM) is still expected to see its stock soar 67% to $72 a share.

Barclays analyst Adrienne Yih maintained her overrating on the luxury home goods retailer, believing Williams-Sonoma should be able to capture greater e-commerce sales, and she gave a massive upgrade to her price target for the retailer, boosting it from her previous $48 per share level.

Image source: Williams-Sonoma.

Source Fool.com

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