# Reformation (REF) — Analyst Forecast

REF · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/ref/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Buy | 8 | 1 | 0 | 9 |

## Price target

| Low | Average | High | Analysts |
| --- | --- | --- | --- |
| $16.00 | $19.25 | $21.00 | 8 |

Last price $14.45 (as of Oct 16, 2026).

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Sep 11, 2026 | Guggenheim | Maintained | Buy | $20.00 |
| Sep 11, 2026 | RBC Capital | Maintained | Outperform | $18.00 |
| Aug 24, 2026 | Telsey Advisory Group | Initiated Coverage | Underperform | $20.00 |
| Aug 24, 2026 | BTIG | Initiated Coverage | Buy | $20.00 |
| Aug 24, 2026 | Guggenheim | Initiated Coverage | Buy | $20.00 |
| Aug 24, 2026 | JP Morgan | Initiated Coverage | Overweight | $21.00 |
| Aug 24, 2026 | William Blair | Initiated Coverage | Outperform | — |
| Aug 24, 2026 | RBC Capital | Initiated Coverage | Outperform | $18.00 |
| Aug 24, 2026 | Citigroup | Initiated Coverage | Buy | $20.00 |
| Aug 24, 2026 | Baird | Initiated Coverage | Outperform | $19.00 |
| Aug 24, 2026 | Morgan Stanley | Initiated Coverage | Equal-Weight | $16.00 |

## Frequently Asked Questions

### What is the price target for REF stock?

The average 12-month analyst price target for Reformation (REF) is $19.25, with a high estimate of $21.00 and a low of $16.00, across 8 analysts.

### Is REF a buy, sell, or hold?

Analysts covering Reformation currently average a Buy rating: 8 buy, 1 hold and 0 sell, from 9 analysts. Ratings reflect analyst opinion, not investment advice.

### What upside do analysts see for REF?

The average price target of $19.25 implies 33.22% upside from the last price of $14.45.

### What is the latest analyst rating on REF?

On Sep 11, 2026, Guggenheim maintained Reformation at Buy with a price target of $20.00.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).