- Home Depot (HD, Financial) and Lowe's (LOW) experienced stock declines amid rising Treasury yields.
- Experts foresee a robust recovery, with significant upside potential for The Home Depot Inc (HD).
- Analyst ratings suggest a confident "Outperform" status for both companies.
In the recent market session, home improvement titans Home Depot (HD) and Lowe's (LOW) faced a setback as their stock prices took a hit. Investors reacted to the rising Treasury yields, signaling concerns over increased consumer borrowing costs. As a result, Home Depot shares dipped by 2.2% while Lowe's saw a 1.8% decline. This slide reflects broader investor apprehensions about economic pressures and looming recession risks.
Wall Street Analysts' Perspective
Examining the projections from 35 top analysts, the average one-year price target for The Home Depot Inc (HD, Financial) stands at $425.78. The highest forecast predicts a price of $475.00, with the lowest at $297.34, suggesting a substantial upside of 28.36% from the prevailing price of $331.72. For more in-depth insights, visit the The Home Depot Inc (HD) Forecast page.
The consensus from 42 brokerage firms places The Home Depot Inc (HD, Financial) in an "Outperform" category, with an average brokerage recommendation of 2.1. This rating falls on a scale where 1 is Strong Buy and 5 is Sell, indicating robust performance expectations.
According to GuruFocus estimates, the anticipated GF Value for The Home Depot Inc (HD, Financial) in the next year is pegged at $358.00. This prediction implies a potential upside of 7.92% from the current stock price of $331.715. The GF Value is a proprietary metric from GuruFocus that estimates a stock's fair trading value, derived from historical trading multiples, past business growth, and future performance forecasts. For more comprehensive data, explore the The Home Depot Inc (HD) Summary page.
