Home Depot is benefiting from solid tailwinds. Home Depot’s revenue is growing twice as fast as its long-run rate. Home Depot’s stock would need to rise over 20% in 2022 to reach $500.
Similarly, What is the prediction for Home Depot stock?
Stock Price Forecast
The 29 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 380.00, with a high estimate of 470.00 and a low estimate of 314.00. The median estimate represents a +24.77% increase from the last price of 304.55.
Why is Home Depot doing so well? Investors rewarded Home Depot for beating estimates with diluted net earnings that increased 23.3% over the year-ago period. Revenue also jumped almost 10%, and comparable store sales grew 6.1%, when analysts were expecting just a 2.2% increase.
Thereof, Why is Home Depot stock up?
Shares of Home Depot rose Tuesday after the company reported third-quarter earnings that beat expectations thanks to continued demand for home improvement amid a strong housing market.
Is Costco a good stock to buy?
Costco currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
What are analysts saying about Home Depot?
HD – The Home Depot, Inc.
| Earnings Estimate | Current Qtr. (Jan 2022) | Next Year (2023) |
|---|---|---|
| No. of Analysts | 26 | 33 |
| Avg. Estimate | 3.17 | 16.19 |
| Low Estimate | 2.88 | 15.11 |
| High Estimate | 3.58 | 17.56 |
Is HD a Buy or Sell?
A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80).
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is HD a buy right now?
Home Depot Inc (HD)
With the stock out of buy range, the stock is no longer a buy right now.
Is Home Depot a buy and hold stock?
Home Depot stock is now a buy, as analyst cites strong housing market and aging infrastructure.
Why is the Home Depot stock down?
Is Lowe’s a good stock to buy?
Lowe’s has a higher average earnings surprise, lower P/E ratio, higher VGM Score, higher forecasted EPS growth over the next three to five years, and most importantly has a higher Zacks Rank #2 (Buy) than Home Depot.
Is Lowes stock a buy or sell?
Lowe’s Companies has received a consensus rating of Buy. The company’s average rating score is 2.83, and is based on 19 buy ratings, 4 hold ratings, and no sell ratings.
Is Lowes a good stock to buy?
Lowe’s has a higher average earnings surprise, lower P/E ratio, higher VGM Score, higher forecasted EPS growth over the next three to five years, and most importantly has a higher Zacks Rank #2 (Buy) than Home Depot.
Who is Home Depot competitors?
The Home Depot competitors include Hajoca Corporation, Ace Hardware, HHGregg, Walmart and Huttig Building Products.
What is the highest Costco stock has been?
The all-time high Costco stock closing price was 608.05 on April 07, 2022. The Costco 52-week high stock price is 612.27, which is 3.7% above the current share price.
Is Walmart a good stock to buy?
Bottom line: Walmart stock is not a good buy right now. It drastically underperformed S&P 500 in 2021, so has a lot of ground to make up in 2022. In addition, Walmart stock is unlikely to be a huge winner due to its fundamentals, which are not outstanding.
Who is Costco owned by?
Costco is currently owned by Costco Wholesale Corporation. It’s the result of a merger between two different companies: Price Club and Costco.
How reliable are stock forecasts?
Expect 1 to 3 inches but if the center of the low-pressure system passes further south, then we might only get flurries. People who make financial forecasts tend to sound extremely confident. But meteorologists tend to sound uncertain, even wishy-washy, about their own forecasts.
What is the target price for Amazon stock?
Stock Price Target AMZN
| High | $ 5,000.00 |
|---|---|
| Median | $ 4,100.00 |
| Low | $ 2,800.00 |
| Average | $ 4,107.47 |
| Current Price | $ 3,034.13 |
What are analyst price targets for Costco?
The 27 analysts offering 12-month price forecasts for Costco Wholesale Corp have a median target of 600.00, with a high estimate of 670.00 and a low estimate of 525.00. The median estimate represents a +3.23% increase from the last price of 581.21.
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