Reformation is a fast-growing apparel retailer with perfect financial-health scores and strong momentum, but the price is already above the analyst target and the latest quarter missed badly.
Thesis pillars
- Strong Revenue Growth↓Deteriorating
- Top Tier Financial Health↓Deteriorating
- Price Above Analyst Target↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 8, 2026
Reformation Inc. (REF) Stock Analysis
Inst Constrain edge
Consumer Cyclical · Apparel Retail
Hold if already holding. Not a fresh buy at $18.13, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Elevated risk factors.
Reformation Inc. manufactures and sells sustainable women's clothing and accessories in the United States and Internationally. It offers dresses, tops, pants, skirts, shorts, jeans, sweaters, shoes, jumpsuits, two-piece sets, outerwear, sleep and loungewear, swimwear, and... Read more
Hold if already holding. Not a fresh buy at $18.13, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Elevated risk factors. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 5.9/10, moderate confidence.
Passes 6/9 gates (positive momentum, no SEC red flags, news boost analyst 0.70, earnings proximity 108d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated Nov 12, 2026Recent Developments — Reformation Inc.
Latest news
- NEWS JP Morgan Maintains Overweight on Reformation, Raises Price Target to $26 — benzinga Nov 12, 2026 positive
- NEWS RBC Raises Price Target on Reformation Inc. to $21 — fiscal.ai Nov 6, 2026 positive
- NEWS RBC Capital Maintains Outperform on Reformation, Raises Price Target to $21 — benzinga Nov 6, 2026 positive
- NEWS BTIG Maintains Buy on Reformation, Raises Price Target to $21 — benzinga Nov 6, 2026 positive
- NEWS UPDATE: Reformation Q3 Adj. EPS $0.02 Misses $0.03 Estimate, Sales $173.565M Beat $169.683M Estimate (Adj EPS Excludes L — benzinga Nov 5, 2026 neutral
Latest item Nov 12, 2026 · Generated 2026-11-13T11:42:41Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $18.13, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Elevated risk factors. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Analyst target $17.84 reached (−1.6%), stop $16.86 (−7.5%), A.R:R -0.1:1. Score 5.9/10, moderate confidence.
Analyst target $17.84 reached (−1.6% from $18.13); no take-profit level is published. Analyst target $17.84 reached (−1.6%), stop $16.86 (−7.5%), A.R:R -0.1:1. Stop-loss: $16.86.
Analyst target reached - limited upside remaining; Elevated risk factors.
Reformation Inc. trades at a P/E of 201.4 (forward 23.5). TrendMatrix value score: 7.5/10. Verdict: Hold.
13 analysts rate REF, with a consensus score of 4.3/5. 8 analysts publish price targets averaging $21.
What does Reformation Inc. do?Reformation Inc. manufactures and sells sustainable women's clothing and accessories in the United States and...
Reformation Inc. manufactures and sells sustainable women's clothing and accessories in the United States and Internationally. It offers dresses, tops, pants, skirts, shorts, jeans, sweaters, shoes, jumpsuits, two-piece sets, outerwear, sleep and loungewear, swimwear, and accessories. The company also offers wedding collection. It retails its product through website, online channels, and stores, well as through wholesalers and other channels. The company was formerly known as REF Topco, Inc. and changed its name to Reformation Inc. in April 2025. Reformation Inc. was founded in 2009 and is headquartered in Vernon, California.