This Is What Whales Are Betting On Home Depot
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Home Depot (NYSE:HD), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $290.0 to $375.0 for Home Depot over the last 3 months. Evercore ISI Group maintains an Outperform rating on Home Depot with a price target of $370, while Stifel and HSBC have downgraded their actions to Hold with price targets of $350 and $365 respectively.
September 26, 2023 | 6:46 pm
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NEGATIVE IMPACT
Bearish stance taken by a significant investor on Home Depot. Price targets range from $290 to $375. Evercore ISI Group maintains Outperform rating, while Stifel and HSBC downgrade to Hold.
The bearish stance taken by a significant investor, along with the downgrades by Stifel and HSBC, could negatively impact Home Depot's stock price in the short term. However, Evercore ISI Group's maintained Outperform rating indicates some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100