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The Home Depot, Inc. (NYSE:HD) is included among the 15 Best Long Term Stocks to Buy According to Reddit.
On November 19, Telsey Advisory lowered its price target for The Home Depot, Inc. (NYSE:HD) to $430 from $455 while keeping an Outperform rating on the stock, according to a report by the Fly. The analyst said that, despite a slightly weaker near-term outlook, Home Depot remains a “long-term winner” in the retail sector.
In Q3, The Home Depot, Inc. (NYSE:HD) reported adjusted (non-GAAP) earnings per share of $3.74 on sales of $41.35 billion. Same-store sales rose 0.1% year over year, while the company’s average ticket increased 2%. Overall revenue grew 2.8% year over year, driven mainly by new store openings and higher average ticket sizes, even as customer traffic softened. Same-store transactions fell 1.6% and total customer transactions dropped 1.4% compared with the prior year.
Reflecting the trends observed in the quarter, The Home Depot, Inc. (NYSE:HD) updated its guidance. The company now expects full-year revenue growth of roughly 3%, slightly above its previous forecasts of 2.8%. Previously, same-store sales were expected to rise 1%, but the company now anticipates only “slightly positive” growth compared with last year.
The Home Depot, Inc. (NYSE:HD) is a leading retailer of building materials, hardware, home improvement products, and related services.
While we acknowledge the potential of HD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best European Dividend Stocks to Buy Now and 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
Disclosure: None.
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