Goldman Sachs Maintains Buy on Home Depot, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane has maintained a 'Buy' rating on Home Depot (NYSE:HD) and raised the price target from $330 to $350.
August 16, 2023 | 10:34 am
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Goldman Sachs has maintained a 'Buy' rating on Home Depot and raised the price target from $330 to $350, which could potentially increase investor confidence and drive the stock price up in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, Goldman Sachs, a highly influential financial institution, has maintained a 'Buy' rating on Home Depot and raised the price target. This suggests that they believe the stock is undervalued at its current price and has the potential to rise, which could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100