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Analysts Offer Insights on Consumer Cyclical Companies: Home Depot (HD) and DraftKings (DKNG)

Tipranks - Tipranks - Tue Jun 30, 7:00AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Home Depot (HD) and DraftKings (DKNG).

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Home Depot (HD)

In a report released today, Zhihan Ma from Bernstein maintained a Hold rating on Home Depot. The company’s shares closed last Friday at $348.86.

According to TipRanks.com, Ma is a 3-star analyst with an average return of 4.4% and a 52.6% success rate. Ma covers the Consumer Goods sector, focusing on stocks such as Dollar General, Dollar Tree, and Dollarama. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Home Depot with a $379.72 average price target, a 9.1% upside from current levels. In a report issued on June 23, Wolfe Research also downgraded the stock to Hold.

See today’s best-performing stocks on TipRanks >>

DraftKings (DKNG)

In a report issued on June 25, Clark Lampen from BTIG maintained a Buy rating on DraftKings, with a price target of $30.00. The company’s shares closed last Friday at $25.70.

According to TipRanks.com, Lampen is a 5-star analyst with an average return of 22.1% and a 49.1% success rate. Lampen covers the NA sector, focusing on stocks such as Genius Sports Limited, Trade Desk, and AppLovin. ;'>

Currently, the analyst consensus on DraftKings is a Strong Buy with an average price target of $36.10, which is a 52.3% upside from current levels. In a report issued on June 10, Jefferies also maintained a Buy rating on the stock with a $46.00 price target.

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