J.P. Morgan analyst Christopher Horvers has maintained their bullish stance on HD stock, giving a Buy rating today.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Christopher Horvers has given his Buy rating due to a combination of factors that highlight Home Depot’s strategic positioning and growth potential. The company has made significant investments in its stores, supply chain, technology, and large Pro segment, which are expected to enhance margins and return on invested capital as market conditions improve. Home Depot’s confidence in its long-term earnings potential is bolstered by productivity gains and a solid foundation for future growth.
Furthermore, Home Depot’s prudent guidance for 2026 aims to minimize downside risks, with expectations of stable same-store sales and moderate growth in total sales and earnings per share. The company is well-positioned to capitalize on structural drivers of home improvement demand, such as high home equity levels and an aging housing stock, which suggest a substantial pent-up demand. Additionally, Home Depot’s focus on scaling its existing assets and enhancing fulfillment capabilities supports its growth trajectory, making it an attractive investment opportunity.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $395.00 price target.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HD in relation to earlier this year.