Home Depot (NYSE:HD) Stock Analysis: Wells Fargo's Bullish Outlook and AI Innovations

Core Insights - Home Depot is the world's largest home improvement retailer, serving both DIY enthusiasts and professional contractors, and faces competition from Lowe's and Menards [1] Stock Performance - The current stock price of Home Depot is $336.48, reflecting a decrease of 6.02% or $21.55, with a trading range for the day between $336.02 and $348.80 [4] - Over the past year, the stock has fluctuated between a high of $439.37 and a low of $326.31 [4] - The market capitalization of Home Depot is approximately $334.93 billion, indicating its significant market presence [5] Analyst Outlook - Zachary Fadem from Wells Fargo has set a price target of $400 for Home Depot, suggesting a potential increase of 18.88% from the current stock price [2][6] Innovations - Home Depot has launched an AI-powered tool called the Blueprint Takeoffs solution, which enhances efficiency for professional renovators and builders by providing faster and more accurate material lists and estimates, reducing the time for creating takeoffs from weeks to days [3][6] Market Activity - The trading volume for Home Depot on the current day is 10.15 million shares, indicating active investor interest [5]