From Yahoo Finance: 2025-05-22 16:12:00

RBC Capital maintains a “Sector Perform” rating on The Home Depot, Inc. (NYSE: HD) with a price target of $399 following Q1 results meeting expectations and confirmed guidance. Concerns about potential earnings impact from management’s pricing strategies were noted.

RBC Capital slightly adjusts its forecast for The Home Depot, Inc. (NYSE: HD) with Q2 comparable sales growth expected to be 1.7%, up from the previous 1.5% estimate. Adjusted earnings per share (EPS) forecast for Q2 also increased to $4.71 from $4.70.

RBC Capital revises its projections for The Home Depot, Inc.’s (NYSE: HD) performance in 2025 and 2026, expecting comparable sales growth of 1.4% for 2025 and 3.6% for 2026. Adjusted EPS estimates for 2025 and 2026 were also revised.

The Home Depot, Inc. (NYSE: HD) operates over 2,300 retail stores and 780 branches across the US, Canada, and Mexico, making it one of the world’s largest home improvement retailers.

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Read more: RBC Maintains Sector Perform Rating on Home Depot (HD) Stock