There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Home Depot (HD – Research Report) and Amazon (AMZN – Research Report) with bullish sentiments.
Home Depot (HD)
Wells Fargo analyst Zachary Fadem maintained a Buy rating on Home Depot yesterday and set a price target of $400.00. The company’s shares closed last Tuesday at $340.50.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Home Depot with a $385.48 average price target, which is a 15.1% upside from current levels. In a report issued on May 6, Barclays also maintained a Buy rating on the stock with a $372.00 price target.
See the top stocks recommended by analysts >>
Amazon (AMZN)
Needham analyst Laura Martin maintained a Buy rating on Amazon today and set a price target of $205.00. The company’s shares closed last Tuesday at $187.07, close to its 52-week high of $191.70.
According to TipRanks.com, Martin is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $220.13 average price target, a 19.8% upside from current levels. In a report issued on May 2, Argus Research also maintained a Buy rating on the stock with a $205.00 price target.
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Read More on HD:
- Home Depot Earnings Update: Did it Beat Estimate Forecasts?
- Options Volatility and Implied Earnings Moves Today, May 14, 2024
- HD Earnings: Home Depot (NYSE:HD) Delivers Mixed Q1 Results
- The Home Depot Announces First Quarter Fiscal 2024 Results; Reaffirms Fiscal 2024 Guidance
- Notable companies reporting before tomorrow’s open
