Stocks
Home Depot Stock Slips Despite UBS Maintaining 'Buy' Rating
Home Depot's stock price slipped after UBS maintained its 'Buy' rating on the company. The investment bank set a target price of $420.00 per share for Home Depot, while the average analyst target cited in the same report stood at $387.16.
The news comes as Home Depot released its Q2 fiscal 2026 results, which showed net sales of $47.86 billion, up 5.71% from a year earlier. Diluted earnings per share rose to $4.79 from $4.58, and comparable sales increased by 1.7%.
UBS analyst Michael Lasser maintained his 'Buy' rating on Home Depot and set the target price of $420.00, which is currently 38.88% above the stock's closing price of $302.51 on September 18, 2026.