Wells Fargo analyst lowers Home Depot price target to $445, optimistic about housing market.

From Nasdaq: 2025-03-02 03:50:00

A Wells Fargo analyst lowered Home Depot’s stock price target to $445 and maintained an overweight rating, suggesting optimism for the housing-improvement market. Home Depot’s comparable sales were up 0.8% in Q4, with management expecting 1% growth in 2025. Despite challenges, the market anticipates a turnaround. However, with a P/E ratio of 26, Home Depot may not offer the best risk-reward for exposure to the housing recovery. The Motley Fool Stock Advisor did not include Home Depot in their top 10 stock picks, highlighting other potential opportunities for investors. Wells Fargo and Motley Fool are involved in this analysis.



Read more at Nasdaq: 1 Wall Street Analyst Thinks Home Depot Stock Is Going to $445. Is It a Buy?