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Home/News Feed/Three firms cut Home Depot price targets after Q1 results, signaling cautious outlook amid housing market challenges.
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Three firms cut Home Depot price targets after Q1 results, signaling cautious outlook amid housing market challenges.

Market News
20 May 2026
24/7 Wall Street
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Bearish
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Three major Wall Street firms—Piper Sandler, RBC Capital, and Wells Fargo—lowered their price targets for Home Depot following its Q1 FY2026 earnings report. The cuts reflect concerns about ongoing housing market pressures, including high mortgage rates and subdued housing turnover, which weigh on home improvement demand. Despite the target reductions, two firms maintained Overweight ratings, suggesting confidence in a potential rebound. Home Depot reported modest revenue growth and reaffirmed its full-year guidance, but investors should watch for signs of acceleration in the second half amid economic uncertainties. The stock’s dividend yield and free cash flow provide some stability for long-term holders.

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