Wells Fargo analyst Zachary Fadem reiterated a Buy rating on Home Depot (HD) today and set a price target of $270.00. The company’s shares closed last Monday at $242.50, close to its 52-week high of $247.36.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 17.7% and a 73.0% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Advance Auto Parts.
Currently, the analyst consensus on Home Depot is a Moderate Buy with an average price target of $246.86, which is a 0.3% upside from current levels. In a report issued on February 20, Oppenheimer also maintained a Buy rating on the stock with a $288.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $247.36 and a one-year low of $179.52. Currently, Home Depot has an average volume of 4.44M.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
