Unveiling 18 Analyst Insights On Home Depot
Portfolio Pulse from Benzinga Insights
18 analysts have recently updated their opinions on Home Depot (NYSE:HD), with a mix of bullish to bearish sentiments. The average 12-month price target is now $379.17, reflecting a 9.23% increase from the previous target. Analyst actions include rating changes and adjustments to price targets, indicating a generally positive outlook despite a recent revenue decline of -7.75%. Home Depot's financial performance remains strong with high ROE and ROA, but it carries a substantial debt load.
March 04, 2024 | 6:01 pm
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POSITIVE IMPACT
Home Depot has received varied analyst ratings, with an updated average 12-month price target of $379.17, indicating a positive sentiment. Despite a recent -7.75% revenue decline, the company's strong profitability metrics and substantial market capitalization suggest resilience.
The updated analyst ratings and increased price target reflect a positive sentiment towards Home Depot, suggesting potential short-term stock appreciation. However, the recent revenue decline may temper expectations, making the overall outlook cautiously optimistic. The company's strong profitability and market position are likely to support its stock price, but investors should be aware of the high debt levels.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100