Truist Raises The Home Depot, Inc. (HD) Price Target to $405, Reiterates Buy

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The Home Depot, Inc. (NYSE:HD) is among the champion lumber stocks to put successful now. On January 16, Truist raised its terms people connected The Home Depot to $405 from $390 and reiterated a Buy rating, citing unchangeable December income trends and supportive user data. The steadfast highlighted encouraging paper information and vacation updates, portion besides pointing to the imaginable payment of higher taxation refunds boosting spending successful typically slower seasonal months. For the company, income trends person remained unchangeable successful December contempt much hard comparisons, the steadfast added.

In its third-quarter 2025 net call, The Home Depot, Inc. (NYSE:HD) reported income of $41.4 billion, up 2.8% twelvemonth implicit year, with U.S. comparable income rising 0.1%. Adjusted diluted EPS was $3.74 compared to $3.78 a twelvemonth ago. Management updated fiscal 2025 guidance to astir 3% full income growth, including a $2 cardinal publication from GMS. Despite lodging marketplace headwinds, the institution continues to show resilience done scale, merchandising strength, and disciplined outgo management. As a ascendant subordinate successful gathering materials with important vulnerability to lumber and repair-and-remodel demand, Home Depot remains well-positioned to payment from immoderate stabilization successful lodging activity, making it a high-quality halfway holding with durable currency travel generation.

Founded successful 1978 and headquartered successful Atlanta, Georgia, The Home Depot, Inc. (NYSE:HD) is 1 of the largest location betterment retailers globally. It is simply a large retailer of lumber, with gathering materials specified arsenic lumber, fencing, and trusses accounting for astir 35% of its sales, making its banal highly delicate to lumber prices and the lodging market.

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