Home Depot (HD) Stock Receives $382 Price Target

By Amit Chowdhry ● Nov 23, 2022
  • The shares of Home Depot (HD) recently received a $382 price target. These are the details.

The shares of Home Depot (HD) recently received a $382 price target.

Price target: $382

Rating: Buy

Analyst firm: Truist

Truist analysts adjusted the rating following the company’s third-quarter earnings beat and affirmed guidance. And the analysts pointed out that the company’s business remains resilient despite broader housing concerns and the margins are still well-controlled in a volatile cost environment.

Plus the Truist analysts pointed out that home-related sentiment remains negative and they are cutting their FY22 EPS view by $0.08 to $16.67 and the FY23 view by $0.40 to $17.60.