The Analyst Verdict: Home Depot In The Eyes Of 8 Experts
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for Home Depot (NYSE:HD), showing a positive trend with most analysts raising their price targets. The average 12-month price target is now $380.38, up from $337.50, indicating a bullish outlook. Home Depot's financial performance shows a slight revenue decline but strong profitability and financial health, with a notable ROE of 275.59% and ROA of 5.01%. The company's debt-to-equity ratio is higher than the industry average, suggesting a higher financial risk.
February 13, 2024 | 9:00 pm
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Analysts have raised their price targets for Home Depot, indicating a bullish outlook with an average 12-month price target of $380.38. The company's financial health remains strong despite a slight revenue decline.
The positive adjustments in analyst ratings and price targets for Home Depot reflect a bullish sentiment towards the stock. The company's strong financial indicators such as ROE and ROA support this outlook, despite a minor revenue decline. The increase in the average price target suggests analysts expect the stock to perform well in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100