BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Wall Street Maintains Bullish Stance on Home Depot Despite Mixed Q2 Earnings
Wall Street Maintains Bullish Stance on Home Depot Despite Mixed Q2 Earnings
7
3
BTCCSquare news:
Home Depot (HD) shares gained over 3% post-earnings as analysts reaffirmed Buy ratings, citing resilience in U.S. housing demand. The home improvement giant reported $45.3B in Q2 revenue (+4.9% YoY), narrowly missing estimates but maintaining full-year guidance. Same-store sales grew 1%, slightly below the 1.2% consensus.
Morgan Stanley's Simeon Gutman notes three consecutive quarters of U.S. sales growth after eight declines, signaling housing market stabilization. The retailer's dual focus on professional contractors and DIY shoppers appears to offset pandemic-era volatility. D.A. Davidson's Michael Baker joined peers in raising price targets, reflecting confidence in Home Depot's operational execution amid macroeconomic uncertainty.
By:
