Home Depot (HD) Stock Is Coming Back, Says Jim Cramer

Company Overview - The Home Depot, Inc. (NYSE:HD) has seen its shares decline by 5.5% over the past year, while experiencing an increase of 11.3% year-to-date [2] - UBS has reiterated a Buy rating for Home Depot with a price target of $430 per share, suggesting potential for improved performance as market conditions enhance [2] Market Sentiment - Jim Cramer has expressed confidence in Home Depot, indicating a desire to own the stock despite the challenges faced by the homebuilding sector [2][3] - Cramer noted the impact of high interest rates on the sector, suggesting that lower interest rates could benefit Home Depot's stock performance [2] Investment Perspective - While acknowledging Home Depot's potential, there is a belief that certain AI stocks may offer greater returns with limited downside risk [3] - Cramer’s charitable trust owns Home Depot, and he believes the stock is on the path to recovery, partly due to expectations surrounding Kevin Warsh's influence on the industry [3]