DA Davidson lowers Home Depot stock price target to $430 on housing cycle
NegativeFinancial Markets

- DA Davidson has lowered its price target for Home Depot's stock to $430, citing ongoing challenges in the housing cycle that have negatively impacted the company's performance. This adjustment follows a series of disappointing earnings reports and lowered financial guidance from Home Depot, contributing to a decline in investor confidence.
- The reduction in the stock price target is significant for Home Depot as it reflects broader market concerns regarding consumer behavior and spending in the home improvement sector. The company has struggled to meet analysts' expectations, leading to a negative outlook.
- The current situation highlights a persistent slowdown in home improvement activities, exacerbated by rising inflation and economic uncertainty. As consumers delay major projects, the overall sentiment in the housing market remains cautious, affecting not only Home Depot but also other retailers in the sector.
— via World Pulse Now AI Editorial System






