1 Wall Street Analyst Thinks Home Depot Stock Is Going to $323. Is It a Sell Around $380?
Home Depot(HD) The Motley Fool·2024-03-08 10:29
The U.S. housing market might be thriving, but some experts are bearish on one of its chief beneficiaries in the retail space. One recent sign of this was a mid-February recommendation downgrade on Home Depot (HD -0.24%) from an international banking group tracking the stock.That bank's price target of $323 is down quite some distance from its recent trading level around $378, which is just 1.5% off all-time highs. Here's a look at whether it might be worthwhile to sell at that price.HSBC downgrades Home De ...