What 13 Analyst Ratings Have To Say About Home Depot
Portfolio Pulse from Benzinga Insights
Within the last quarter, 13 analysts have provided ratings for Home Depot (NYSE:HD), with an average 12-month price target of $332.69, a decrease from the previous target of $342.33. The ratings include 4 bullish, 2 somewhat bullish, and 7 indifferent, with no bearish or somewhat bearish ratings. The high price target is $365.00 and the low is $299.00.
December 08, 2023 | 7:01 pm
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NEGATIVE IMPACT
Home Depot received 13 analyst ratings in the last quarter with an average 12-month price target of $332.69, reflecting a 2.82% decrease from the previous target of $342.33.
The decrease in the average price target suggests a slight bearish sentiment among analysts, which could lead to short-term negative pressure on Home Depot's stock price. However, the absence of bearish ratings indicates that the sentiment is not strongly negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100