Home Depot Had A Mixed Q2 But Some Analysts See Upside In The Stock - Here's Why
Portfolio Pulse from Lekha Gupta
Home Depot (HD) reported better-than-expected Q2 results, leading several analysts to raise their price targets. Despite a 2% YoY sales decline to $42.92 billion, the company beat the consensus of $42.25 billion. EPS was $4.65, surpassing the $4.46 consensus. Analysts from DA Davidson, Truist Securities, Wedbush, and Morgan Stanley revised their estimates and price targets, with a general belief that the worst is behind for Home Depot. HD shares are trading higher by 0.79% at $334.76.
August 16, 2023 | 5:10 pm
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Home Depot's better-than-expected Q2 results led to raised price targets by several analysts. The company's shares are trading higher.
Home Depot's better-than-expected Q2 results have led to increased confidence among analysts, resulting in raised price targets. This positive sentiment is likely to have a short-term positive impact on the company's stock.
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