Home Depot Earns Moderate Buy Rating Amid Q3 Earnings Beat

The Home Depot, Inc. (NYSE:HD) has received an average rating of 'Moderate Buy' from thirty-two brokerages currently covering the firm, according to MarketBeat reports.

Out of the thirty-two brokerages that have issued a report on Home Depot in the last year, one has given the stock a sell recommendation, thirteen have assigned a hold recommendation, and eighteen have given a buy recommendation. The average 1-year price target among these brokerages is $375.5357.

In recent reports, analysts have updated their estimates for Home Depot's fiscal third-quarter earnings, with Zacks Research providing a fresh valuation and earnings catalyst following the company's prior quarterly beat.