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Home Depot (HD) Gets a Buy from Piper Sandler

Tipranks - Fri Aug 14, 6:48AM CDT

In a report released today, Peter Keith from Piper Sandler maintained a Buy rating on Home Depot, with a price target of $378.00.

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Keith covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, Boot Barn, and Tractor Supply. According to TipRanks, Keith has an average return of 7.0% and a 48.69% success rate on recommended stocks.

In addition to Piper Sandler, Home Depot also received a Buy from Telsey Advisory’s Joe Feldman in a report issued yesterday. However, on the same day, Bernstein maintained a Hold rating on Home Depot (NYSE: HD).

Based on Home Depot’s latest earnings release for the quarter ending May 3, the company reported a quarterly revenue of $41.77 billion and a net profit of $3.29 billion. In comparison, last year the company earned a revenue of $39.86 billion and had a net profit of $3.43 billion

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