JPMorgan analyst Tami Zakaria lowered her price target for RH to $130 from $180 following the company's Q4 results but thinks the stock is oversold at current levels. As such, the analyst sees a near-term buying opportunity and keeps an Overweight rating on the name. While the 2019 guidance was disappointing and a reminder of a late-cycle consumer, RH's long-term vision of building a unique platform in luxury home furnishings retailing through the ongoing real estate transformation and operating platform redesign offers a "multi-year sales and profitability growth roadmap," Zakaria tells investors in a research note after speaking with management. She points out that RH reiterated its long-term targets of 8%-12% sales growth, mid to high teens operating margin, and 15%-20% income growth.