Has the Harvey Norman (ASX:HVN) share price peaked?

The Harvey Norman Holdings Limited (ASX: HVN) share price is pushing higher on Monday morning.

At the time of writing, the retail giant’s shares are up over 1% to $5.31.

This latest gain means the Harvey Norman share price is now up 47% over the last 12 months.

Can the Harvey Norman share price go higher?

According to a note out of Goldman Sachs, its analysts believe the Harvey Norman share price may have peaked now.

This morning the broker downgraded the company’s shares to a neutral rating with an improved price target of $5.10.

This price target is around 4% lower than where the Harvey Norman share price is currently trading.

What did Goldman Sachs say?

Goldman Sachs was pleased with Harvey Norman’s performance during the…