Analyst Zachary Fadem of Wells Fargo maintained a Buy rating on Home Depot, reducing the price target to $395.00.
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Zachary Fadem has given his Buy rating due to a combination of factors that highlight Home Depot’s strategic positioning and potential for growth. Despite a challenging macroeconomic environment, Home Depot’s initiatives, such as digital enhancements and trade credit expansion, demonstrate its ability to leverage idiosyncratic growth levers. The company’s reaffirmation of its fiscal year 2025 guidance, along with a preliminary 2026 outlook that includes positive sales and earnings growth, underscores its resilience and adaptability.
Moreover, Home Depot’s significant market share in the DIY and Pro segments, coupled with its plans to open new stores and enhance its e-commerce capabilities, positions it well for long-term growth. The potential for market recovery, supported by factors like improving home equity loans and lower interest rates, further strengthens the case for a Buy rating. These elements, combined with the company’s robust operational strategies and favorable risk/reward profile, make Home Depot an attractive investment opportunity.
HD’s price has also changed slightly for the past six months – from $365.200 to $345.270, which is a -5.46% drop .