Wall Street Has a Mixed Opinion on The Home Depot (HD), Since Q3 2026 Earnings
The Home Depot, Inc. (NYSE:HD) is one of the Good Stocks to Buy According to Analysts. Wall Street has a mixed opinion on the stock. On December 3, Steven Zaccone from Citi assigned a Buy rating on The Home Depot, Inc. (NYSE:HD) with a $407 price target. Earlier on December 1, W. Andrew Carter from Stifel Nicolaus reiterated a Hold rating on the stock and lowered the firm’s price target from $370 to $350.
The mixed outlook stems from the company’s fiscal Q3 2026 results, announced on November 18. The company grew its quarterly revenue by 2.82% year-over-year to $41.35 billion, surpassing estimates by $231.5 million. However, the EPS of $3.74 fell short of the consensus by $0.09. Management attributed this soft performance to the lack of storms in the quarter, which resulted in greater-than-expected pressure in certain categories.
Analyst Steven Zaccone of Citi noted that despite a weaker-than-expected 2025, the company is positioned to be a prominent share gainer in the market. The analyst highlighted that he is looking forward to the company’s plan that will outline its strategy to return to normalized growth.
The Home Depot, Inc. (NYSE:HD) is the world’s largest home improvement retailer, operating over 2,300 stores that offer a wide selection of tools, building materials, appliances, and services for both DIY and professional projects.
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Disclosure: None. This article is originally published at Insider Monkey.
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