FMP
Oct 21, 2024 3:00 PM - Gordon Thompson
Image credit: Google Images
On October 21, 2024, Morgan Stanley maintained its "Overweight" rating for Home Depot (NYSE:HD), a leading home improvement retailer. At the time, the stock was priced at about $415.39. Morgan Stanley also increased Home Depot's price target from $380 to $450, as highlighted by TheFly. This reflects confidence in Home Depot's potential for future growth.
Home Depot has a strong history of long-term earnings growth, primarily driven by expanding its retail network. However, recent quarters have shown some earnings challenges due to a weak housing market and consumer sentiment. These macroeconomic issues are expected to gradually improve, which could positively impact Home Depot's performance.
Despite the positive growth outlook, some analysts consider Home Depot's current stock valuation to be expensive. The stock is currently priced at $410.08, a decrease of $4.92 or -1.19% today. It has traded between $409.73 and $416.56 during the day, with a 52-week high of $421.56 and a low of $274.26.
Home Depot's market capitalization is approximately $407.33 billion, indicating its significant size in the retail sector. Today's trading volume for HD is 747,138 shares on the NYSE, showing active investor interest. As macroeconomic challenges ease, Home Depot's stock may align more closely with Morgan Stanley's optimistic price target.
Sep 10, 2024 11:33 AM - Parth Sanghvi
When it comes to downloading historical stock data, Yahoo Finance has been a popular choice for many. However, for those looking for more comprehensive, accurate, and flexible options, Financial Modeling Prep (FMP) offers a suite of powerful tools and services that stand out as superior alternatives...
Nov 8, 2024 10:30 AM - Sanzhi Kobzhan
When it comes to investing in stocks, one of the key decisions an investor must make involves determining the intrinsic value of a company's shares. Equity valuation isn't just about numbers, it's an art mixed with science, aiming to predict future performance based on current and historical data. H...
Nov 22, 2024 10:08 AM - Parth Sanghvi
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...