Analyst Michael Lasser of UBS maintained a Buy rating on Lowe’s, retaining the price target of $325.00.
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Michael Lasser has given his Buy rating due to a combination of factors that highlight Lowe’s potential for growth. The company’s strategic initiatives, such as the Total Home strategy and its focus on the pro customer segment, position it well in the competitive home improvement market. The acquisitions of Artisan Design Group and Foundation Building Materials are expected to strengthen Lowe’s offerings in interior building materials, differentiating it from competitors.
Additionally, Lowe’s management has expressed confidence in capturing market share, even in a flat market environment, by leveraging gains in key areas like the pro segment and specific product categories such as appliances. The anticipated sales contributions from tariffs and strategic pricing adjustments further support this outlook. With the stock trading at an attractive valuation relative to its earnings potential, the risk-reward profile appears favorable, suggesting substantial upside potential in both the short and long term.
According to TipRanks, Lasser is a 5-star analyst with an average return of 13.7% and a 67.21% success rate. Lasser covers the Consumer Cyclical sector, focusing on stocks such as Dick’s Sporting Goods, Five Below, and Floor & Decor Holdings.
In another report released on August 29, Mizuho Securities also maintained a Buy rating on the stock with a $285.00 price target.