What 23 Analyst Ratings Have To Say About Home Depot
Portfolio Pulse from Benzinga Insights
23 analysts have provided ratings for Home Depot (NYSE:HD) in the last quarter, with the majority being bullish or somewhat bullish. The average price target is $324.87, which is lower than the current price of $329.6, implying a downside. This average has decreased by 3.36% from the previous average price target of $336.16.
August 04, 2023 | 11:39 am
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The majority of analysts are bullish on Home Depot, but the average price target suggests a potential downside.
The bullish sentiment among analysts suggests confidence in Home Depot's performance. However, the lower average price target compared to the current price indicates that the stock may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100