|Over a week ago|
Credit Suisse transfers coverage of Home Depot, boosts price target to $450 » 16:2811/1811/18/21
Credit Suisse analyst Dan…
Credit Suisse analyst Dan Oppenheim assumed coverage of Home Depot with an Outperform rating and an increased price target of $450, up from $357. The analyst is positive on the sustained health of home repair and remodel trends, also increasing his 2021 EPS estimate to $15.57 from $14.31 based on the "ongoing strength in comp sales".
Home Depot to hold virtual career day on November 30 » 08:0311/1811/18/21
The Home Depot is hosting…
The Home Depot is hosting its first-ever virtual Corporate Career Day on Tuesday, Nov. 30, from 1 to 4:30p.m. ET. The Home Depot is hiring for roles across the organization, including positions in Technology, Marketing and Operations, as well as for its Contact Centers.
Home Depot price target raised to $420 from $325 at Truist » 09:4711/1711/17/21
Truist analyst Keith…
Truist analyst Keith Hughes raised the firm's price target on Home Depot to $420 from $325 but keeps a Hold rating on the shares. The analyst says the company's 6.1% Q3 same-store sales increase beat expectations and was the quarter's "most notable result", with October comps growth also tracking close to 10%. Home Depot will continue to benefit from spending in the home renovation market and its continued initiatives around logistics efficiency, but he remains neutral on the stock due to valuation and potential share gain attempts by new or existing competitors, Hughes tells investors in a research note.
Home Depot price target raised to $340 from $325 at Loop Capital » 09:2711/1711/17/21
Loop Capital analyst…
Loop Capital analyst Laura Champine raised the firm's price target on Home Depot to $340 from $325 but keeps a Hold rating on the shares. The analyst cites the company's Q3 sales beat while adjusting her model for higher inflation rates. Champine adds that the dramatic events of 2020 are "having a fading impact on investment in the home" as normal activities resume, but rising inflation is driving the sales upside. The analyst further states however that she also believes that this positive impact is likely to be outweighed by less unit growth eventually.
Home Depot price target raised to $425 from $350 at Guggenheim » 09:2211/1711/17/21
Guggenheim analyst Steven…
Guggenheim analyst Steven Forbes raised the firm's price target on Home Depot to $425 from $350 and keeps a Buy rating on the shares. Not only were Q3 operating results "solid," but EBITDA margin expansion brings the company's "normalized" incremental margin potential back into focus, Forbes tells investors in a post-earnings research note. He is raising his 2021 and out-year EBITDA and EPS estimates and has improved conviction in Home Depot's 2022 outlook following the report, Forbes added.
Home Depot price target raised to $410 from $340 at Wedbush » 09:0411/1711/17/21
Wedbush analyst Seth…
Wedbush analyst Seth Basham raised the firm's price target on Home Depot to $410 from $340 and keeps a Neutral rating on the shares. The analyst notes Homes Depot reported Q3 results that met buy side expectations on the top line, but beat on the bottom line as the company did a great job mitigating cost pressures in product acquisition, supply chain and labor. Further, the company leveraged its massive scale to get stronger product and transportation allocations to better meet customer demand and grow market share, Basham adds. The ananlyst believes Home Depot remains well-positioned to continue capitalizing on the high-demand environment in the near-term, leading him to raise his estimates. However, rising inflation and slowing housing market growth are likely to contribute to slowing demand growth in 2022, Basham adds.
Home Depot price target raised to $420 from $400 at Raymond James » 07:5111/1711/17/21
Raymond James analyst…
Raymond James analyst Matthew McClintock raised the firm's price target on Home Depot to $420 from $400 and keeps an Outperform rating on the shares. Home Depot delivered an impressive fiscal third quarter, with sales, comps and EPS all above expectations, and the two-year geometric stack comp for transactions and total comp accelerated sequentially versus Q2 and November to-date trends are off to a solid start, McClintock tells investors in a research note. The analyst believes the company has a solid path towards continuing this trend in CY21 and heading into CY22.
Home Depot price target raised to $440 from $410 at UBS » 07:4111/1711/17/21
UBS analyst Michael…
UBS analyst Michael Lasser raised the firm's price target on Home Depot to $440 from $410 and keeps a Buy rating on the shares. The company's Q3 earnings beat "checked all boxes" and demonstrated the "key facets" of its investment case over the long-haul, the analyst tells investors in a research note.
Home Depot price target raised to $430 from $350 at Barclays » 06:2211/1711/17/21
Barclays analyst Karen…
Barclays analyst Karen Short raised the firm's price target on Home Depot to $430 from $350 and keeps an Overweight rating on the shares. The company reported "very strong" Q3 results, Short tells investors in a research note. The analyst continues to believe Home Depot's total addressable market is significantly higher than pre-pandemic levels.
Home Depot price target raised to $445 from $418 at Citi » 06:1411/1711/17/21
Citi analyst Steven…
Citi analyst Steven Zaccone raised the firm's price target on Home Depot to $445 from $418 and keeps a Buy rating on the shares. The company delivered "strong" Q3 results with same-store-sales accelerating on a one- and two-year basis relative to Q2, Zaccone tells investors in a research note. Further, the company's gross margin is exceeding expectations, "showing scale matters as retail navigates supply chain challenges," says the analyst.