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    ForexJournal » Stock Market » Home Depot stock gains on analysts raising price targets
    Stock Market

    Home Depot stock gains on analysts raising price targets

    Author AvatarBy Patrick Butler September 15, 2024 No Comments 8 Mins Read
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    • Home Depot stock gained 1.6% on Wednesday after analysts were positive on Q3 results.
    • HD stock slid more than 1% lower on Tuesday as CEO blamed high interest rates for poor comparable sales.
    • Comparable sales fell 1.3% YoY in the third quarter.
    • Most analysts raised their price targets on Wednesday for HD.

    Aided by analyst loyalty, The Home Depot (HD) is gaining ground one day after the remodeling retailer sold off following third-quarter results showing dwindling comparable sales. HD stock has risen 1.6% on Wednesday to trade north of $409.

    The Dow Jones Industrial Average (DJIA), of which

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    Patrick Butler

    He is a distinguished financial analyst with a wealth of experience in the Forex and cryptocurrency markets. With a career spanning over 15 years, Patrick has honed a keen understanding of market dynamics, using both technical analysis and macroeconomic insights to forecast trends and identify opportunities. His work is characterized by a meticulous attention to detail and an ability to simplify complex concepts, making him a respected authority for both institutional investors and individual traders. Patrick’s analytical depth and pragmatic approach have earned him recognition as a trusted expert in the ever-evolving world of finance.

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