Stocks
Stifel Keeps Hold Rating on Home Depot With Modest Price Target
Stifel has maintained its Hold rating on Home Depot Inc. (NYSE:HD) with a price target of $346.00.
The firm's price target is based on 13.5 times enterprise value to fiscal 2027 estimated EBITDA, representing a modest premium to peers valued at 13 times enterprise value to fiscal 2027 estimated EBITDA.
Home Depot currently trades at an EV/EBITDA of 15.6 times based on the last twelve months, according to Stifel's analysis.
The analyst noted that Complex Pro investments will enhance the company's long-term growth prospects and accelerate revenue growth in conjunction with Home Depot's organic investments.