A Glimpse Into The Expert Outlook On Home Depot Through 23 Analysts
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) has been analyzed by 23 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $388.91, marking a 4.37% increase from the previous target of $372.61. Analyst actions range from maintaining to raising and lowering ratings, with price targets adjusted accordingly. Home Depot's financials indicate a -2.92% revenue decline over the last 3 months, yet it maintains strong profitability metrics such as an 8.05% net margin and a 226.43% ROE. The company's debt-to-equity ratio is 50.04, indicating high debt levels.
April 16, 2024 | 3:01 pm
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POSITIVE IMPACT
Home Depot's stock may see short-term movements based on the mixed analyst ratings and the updated average price target of $388.91. Despite a slight revenue decline, strong profitability and high ROE could support positive sentiment.
The mixed analyst ratings, with several upgrades and a higher average price target, suggest optimism about Home Depot's future performance. However, the recent revenue decline may cause concern among some investors. The company's strong profitability metrics, such as high net margin and ROE, along with its significant market capitalization, indicate a solid financial foundation that could mitigate short-term negative impacts and potentially lead to positive stock price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100