Home Depot (NYSE:HD) is a top e-commerce stock with long-term potential. DA Davidson reaffirmed its Buy rating and $450 price target after Home Depot finalized a $5.5 billion deal to acquire GMS for $110 per share. Analysts are bullish on HD, with targets ranging from $308 to $484.

Home Depot secured the GMS deal at a competitive rate, $500 million below expectations. Analysts like Michael Baker maintain a bullish outlook, showing broad consensus on HD’s long-term strategy. Investor confidence remains high in Home Depot’s ability to outperform rivals and continue its success.

Home Depot (NYSE:HD) is a leading home improvement retailer with global operations. It offers building materials, décor, garden supplies, installation services, and tool rentals through physical stores and online platforms like HomeDepot.com. HD serves both DIY customers and professionals with a wide range of products and services.

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Read more at Yahoo Finance: Home Depot’s (HD) $5.5B GMS Acquisition Solidifies Bullish Analyst Confidence