Home Depot stock price target lowered to $438 from $474 at Jefferies
NeutralFinancial Markets

- Jefferies has revised its price target for Home Depot's stock to $438 from $474, reflecting concerns about the company's performance amid a challenging economic environment. This adjustment comes as Home Depot faces declining consumer demand and rising inflation, which have negatively impacted its financial outlook.
- The lowered target price signals a cautious sentiment towards Home Depot's future, as the company has been grappling with reduced customer spending on home improvement projects. Analysts are closely monitoring these trends as they could affect the company's profitability.
- The broader market context reveals a trend of declining stock prices for Home Depot, with other financial institutions also adjusting their targets downward. This reflects a growing concern about the overall health of the housing market and consumer behavior, which are critical for Home Depot's business model.
— via World Pulse Now AI Editorial System




