Stocks
Home Depot Stock Tests Yearly Low as Analyst Targets Diverge
Home Depot's stock price has fallen by 1.13% to $289.89 on the NYSE, leaving it only 0.27% above its 52-week low of $289.10.
This move makes the next earnings update especially important for the company's valuation.
Despite delivering revenue growth and an earnings beat in the latest reported quarter, Home Depot's stock is trading near its yearly low.
The analyst targets for the company's stock are sharply split, with UBS maintaining a Buy rating and a $420.00 price target, while Sanford C. Bernstein lowered its target from $354.00 to $344.00 while keeping a Market Perform rating.