From Financial Modeling Prep: 2024-10-30 22:06:44

Goldman Sachs lowered the price target for NYSE:SWK to $94, reflecting a cautious outlook. SWK reported a revenue decline in its Q3 earnings for 2024. The stock has seen volatility, hitting a high of $110.88 and a low of $77.70.

Stanley Black & Decker (SWK) operates in industrial tools and household hardware sectors. Competitors include Bosch and Makita. Joe Ritchie from Goldman Sachs revised SWK’s price target to $94, down from $107. SWK’s stock was trading at $93.87, close to the new target.

In Q3 2024, SWK surpassed expectations but had a year-over-year revenue decrease. This performance influenced Goldman Sachs’ price target adjustment. SWK’s stock price ranged from $93.30 to $96, showing volatility. Over a year, the stock reached highs of $110.88 and lows of $77.70.

With a market cap of $14.45 billion, SWK remains a key player. Trading volume was 2,239,705 shares, reflecting investor interest. Despite challenges, SWK’s active market presence persists.



Read more at Financial Modeling Prep:: Stanley Black & Decker’s Market Position and Finan…