As of January 22, 2024, the evaluations of Home Depot (NYSE: HD) by 15 financial analysts over the past three months have provided a range of perspectives, encompassing both bullish and bearish views. These analyst ratings and price targets offer valuable insights into the performance and future potential of the stock.
Analyst Ratings Summary
Total Ratings: 4 Bullish, 5 Somewhat Bullish, 6 Indifferent, 0 Somewhat Bearish, 0 Bearish
Last 30 Days: No new ratings provided
1 Month Ago: 3 Somewhat Bullish
2 Months Ago: 2 Bullish, 1 Indifferent
3 Months Ago: 2 Bullish, 2 Somewhat Bullish, 5 Indifferent
Price Targets
The average 12-month price target stands at $345.53, with a high estimate of $400.00 and a low estimate of $299.00. Currently, the average price target is $348.40, representing a 3.61% increase from the previous average of $333.50.
Recent Analyst Actions
Several analysts have recently taken actions on Home Depot’s stock:
– Peter Keith from Piper Sandler raised the rating to Overweight with a price target of $400.00.
– Seth Basham from Wedbush raised the rating to Outperform with a price target of $380.00.
– Seth Sigman from Barclays raised the rating to Overweight with a price target of $372.00.
– Scot Ciccarelli from Truist Securities raised the rating to Buy with a price target of $387.00.
– John Baugh from Stifel raised the rating to Hold with a price target of $355.00.
Current Analyst Ratings
In the current month, Home Depot has received 29 Buy Ratings, 11 Hold Ratings, and 1 Sell Rating, with an average analyst price target of $341.00. The consensus rating is Moderate Buy, based on 18 Buy Ratings, 7 Hold Ratings, and 1 Sell Rating.
Upside Potential
Based on their 12-month forecasts, analysts predict a 7.76% upside for Home Depot’s stock.
In summary, the recent analyst ratings and price targets for Home Depot suggest a generally positive outlook. The majority of analysts express bullish or moderate buy sentiments, and there is a predicted upside potential for the stock.
Home Depot (HD) Stock Shows Strong Performance on January 22, 2024: Positive Momentum and Potential for Investors
Home Depot (HD), one of the leading home improvement retailers, has been displaying a strong performance in the stock market on January 22, 2024. As per the data sourced from CNN Money, HD is currently trading near the top of its 52-week range and is positioned above its 200-day simple moving average. The price of HD shares has witnessed a significant increase of $4.51 since the market last closed, indicating a positive investor sentiment towards the company. The stock closed at $362.41, reflecting the strong demand and confidence in HD’s performance. However, it is worth noting that HD has experienced a slight decline in pre-market trading, with the stock dropping $3.28. Market fluctuations, especially during pre-market trading, can be influenced by various factors such as economic news, geopolitical events, or company-specific announcements. Therefore, it is essential to monitor the situation closely and observe how HD performs throughout the trading day. Trading near the top of its 52-week range indicates that HD has been experiencing a positive trend in its stock price over the past year. Moreover, HD’s position above its 200-day simple moving average further reinforces its positive momentum. Investors and analysts will likely closely monitor HD’s performance throughout the trading day to assess the impact of the pre-market drop. Home Depot has established itself as a market leader in the home improvement retail industry, and as the housing market continues to thrive, HD’s business is expected to benefit from increased demand for home improvement products and services. In conclusion, HD’s stock performance on January 22, 2024, has displayed positive momentum, with the stock trading near the top of its 52-week range and above its 200-day simple moving average. Investors should conduct thorough research and analysis before making any investment decisions.
HD Stock Performance on January 22, 2024: Analyzing Total Revenue, Net Income, and EPS
Title: HD Stock Performance on January 22, 2024: A Closer Look at the Numbers
Introduction
On January 22, 2024, Home Depot (HD) stock performance was under scrutiny as investors analyzed the company’s financial data. The data, sourced from CNN Money, revealed key figures such as total revenue, net income, and earnings per share (EPS). This article delves into the numbers, providing insights into HD’s stock performance and highlighting the changes since the previous year and quarter.
Total Revenue
Home Depot recorded a total revenue of $157.40 billion in the past year, representing a 4.13% increase compared to the previous year. However, the company experienced a 12.13% decline in total revenue since the last quarter, with Q3 revenue standing at $37.71 billion.
Net Income
HD reported a net income of $17.11 billion over the past year, reflecting a 4.09% increase compared to the previous year. However, the net income experienced an 18.22% decline since the last quarter, with Q3 net income amounting to $3.81 billion.
Earnings per Share (EPS)
The earnings per share (EPS) for HD stood at $16.69 for the past year, indicating a 7.44% increase compared to the previous year. However, EPS experienced a 17.9% decline since the last quarter, with Q3 EPS remaining at $3.81.
Conclusion
Analyzing HD’s stock performance on January 22, 2024, based on the provided data, reveals mixed results. While the company experienced year-over-year growth in total revenue, net income, and EPS, there were notable declines in these figures since the previous quarter.
Investors should consider various factors to gauge the potential impact on HD’s stock performance. These factors may include changes in consumer behavior, seasonal fluctuations, increased costs, or shifts in the competitive landscape.
It is important to note that stock performance is influenced by multiple factors, and a comprehensive analysis should consider additional information beyond the provided data. Investors are advised to consult financial experts and conduct thorough research before making any investment decisions related to HD or any other stock.
