Telsey Advisory has raised its price target for Home Depot (HD) to $435 from $410, reiterating an Outperform rating due to the company’s consistent performance and market share gains despite a challenging macro environment. The company recently reported better-than-expected quarterly earnings, driven by strong demand from professional contractors and smaller repair projects, and has utilized AI-powered tools and selective price increases to support its growth.
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Home Depot (HD) Price Target Raised as Performance Remains Steady
Telsey Advisory has raised its price target for Home Depot (HD) to $435 from $410, reiterating an Outperform rating due to the company’s consistent performance and market share gains despite a challenging macro environment. The company recently reported better-than-expected quarterly earnings, driven by strong demand from professional contractors and smaller repair projects, and has utilized AI-powered tools and selective price increases to support its growth.