Loop Capital analyst Anthony Chukumba raised his price target on RH to $180 and kept his Buy rating after its "positive surprise" Q2 earnings beat and FY19 guidance raise for the 4th time this year. The analyst notes that he has a bullish outlook on the company given its "differentiated concept" and growth runways in the U.S. and internationally. Chukumba adds that the current valuation on RH stock assigns an "unwarranted" level of skepticism from investors, with its current 13.1-times forward earnings multiple being a steep discount to its historical average levels.