Lowe’s price target raised to $300 from $294 at Piper Sandler

Piper Sandler raised the firm’s price target on Lowe’s (LOW) to $300 from $294 and keeps an Overweight rating on the shares following Q4 results in which the firm saw a number of positives. Of note, the quarter finished rather strong in January even excluding the winter storm benefit. Also, the two-year stacked comp inflected positive for the first time in three years and the big ticket comp was the strongest in over three years. While the 2026 guidance was slightly below expectations this seems due to short-term margin pressure from acquisitions, and Lowe’s setting a very reasonable – and potentially beatable – comp guidance range of 0%-2%, Piper argues.