1 Wall Street Analyst Thinks Home Depot Stock Is Going to $445. Is It a Buy?
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A Wells Fargo analyst has adjusted Home Depot's price target from $450 to $445, maintaining an overweight rating. This suggests a 13% premium over the current trading price, indicating potential recovery in the housing-improvement market.
March 02, 2025 | 9:00 am
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Wells Fargo has slightly lowered Home Depot's price target to $445 but maintains an overweight rating, suggesting confidence in the stock's potential recovery.
The analyst's decision to slightly lower the price target while maintaining an overweight rating suggests confidence in Home Depot's potential for recovery. The new target still represents a 13% premium over the current price, indicating positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100