Home Depot (HD) Stock: $309 Target And Buy Rating

By Amit Chowdhry ● Jul 4, 2022
  • The shares of Home Depot Inc (NYSE: HD) have received a $309 price target from Goldman Sachs. These are the details.

The shares of Home Depot Inc (NYSE: HD) have received a $309 price target from Goldman Sachs. And Goldman Sachs analyst Kate McShane is maintaining a “Buy” rating on the shares.

McShane had adjusted the rating following compression in the market. In the previous research report about Home Depot in early May.

Previously, McShane noted that the company’s Q1 2022 results were unexpectedly strong in light of several macro headwinds facing home improvement retailers like a slowing housing market and a potentially weaker consumer along with weaker weather to start the spring selling season.

In mid-May, Home Depot reported a Q1 EPS of $4.09, which was $0.46 higher than analyst estimates of $3.63. And the revenue for the quarter was $38.9 billion compared to the consensus estimate of $36.43 billion.

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