Home Depot Maintains 'Buy' Rating Amid Ongoing Housing Market Uncertainty

Home Depot's (NYSE:HD) stock rating remains at 'buy' from Argus, despite the current state of the housing market. The company reported a 5.7% increase in revenue to $47.86 billion for the quarter, exceeding analysts' expectations.

The Goldman Sachs Group lowered its price target on Home Depot from $409.00 to $390.00 and set a 'buy' rating for the company. Meanwhile, Oppenheimer decreased its target price on Home Depot from $405.00 to $310.00 and set a 'market perform' rating.

Eighteen investment analysts have rated the stock with a 'buy' rating, thirteen have issued a 'hold' rating, and one has issued a 'sell' rating. The company's consensus rating is 'moderate buy,' and its average target price is $375.54.