Analyst Max Rakhlenko of TD Cowen maintained a Buy rating on Home Depot, retaining the price target of $450.00.
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Max Rakhlenko has given his Buy rating due to a combination of factors tied to Home Depot’s positioning and execution in a challenging environment. He views FY26 as an inflection year as management rolls out more advanced tools and services for complex professional customers, while integrating the SRS and GMS acquisitions to deepen cross-selling and expand share among larger Pro accounts.
He notes that core demand is holding up reasonably well, with modestly positive comps, improving ticket trends, and early signs of Pro growth outpacing DIY despite macro and housing headwinds. With guidance essentially in line, incremental upside is expected to come from easier comparisons in the back half of the year, accelerating Pro-driven sales, and the scaling of new capabilities, leading him to see attractive medium-term share and earnings growth potential that supports a Buy recommendation.
Rakhlenko covers the Consumer Cyclical sector, focusing on stocks such as Planet Fitness, Advance Auto Parts, and AutoZone. According to TipRanks, Rakhlenko has an average return of 8.4% and a 61.72% success rate on recommended stocks.
In another report released on February 25, Citi also reiterated a Buy rating on the stock with a $450.00 price target.