Hold Rating Maintained as Macro Headwinds Weigh on Near-Term Performance and Limit Upside Potential

Citi analyst Steven Zaccone has maintained their neutral stance on FND stock, giving a Hold rating on April 7.

Steven Zaccone has given his Hold rating due to a combination of factors tied to near‑term softness and a macro‑dependent recovery path. He is cutting same‑store sales and EPS forecasts for the upcoming quarter and for FY26, reflecting weaker traffic and spending trends, ongoing pressure from higher interest rates on existing home sales, and rising consumer uncertainty that weighs on home improvement demand.

At the same time, he still sees some longer‑term upside, but now assigns a lower target price based on reduced earnings growth expectations and a more conservative valuation multiple. Management’s own commentary underscores that a stronger recovery hinges on improved existing home sales and consumer confidence, and in the interim the company will rely on cost controls, leaving the risk‑reward profile balanced rather than compelling enough to justify a Buy rating.

In another report released on April 7, Evercore ISI also reiterated a Hold rating on the stock with a $55.00 price target.