Breaking Down Home Depot: 20 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) has been analyzed by 20 analysts, showing a range of perspectives from bullish to bearish. The average 12-month price target has increased to $398.45, with a high of $460.00 and a low of $330.00. Recent analyst actions include several upgrades and a few downgrades, reflecting evolving market conditions and company performance. Home Depot's financials show strong revenue growth, net margin, ROE, and ROA, but caution is advised due to high debt-to-equity ratio.
October 09, 2024 | 12:01 pm
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Home Depot has received a range of analyst ratings, with a new average price target of $398.45, up from $376.22. Analysts have shown a mix of bullish and bearish sentiments, with several raising their price targets. The company's strong financial performance is highlighted by its revenue growth, net margin, ROE, and ROA, although its high debt-to-equity ratio poses a risk.
The increase in the average price target and several analyst upgrades suggest a positive short-term outlook for Home Depot's stock. The company's strong financial metrics support this view, although the high debt-to-equity ratio is a potential risk factor. Overall, the positive analyst sentiment and financial performance are likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100