The Home Depot, Inc. (NYSE:HD) ranks among the best slow growth stocks to invest in. On November 19, TD Cowen retained its Buy rating on The Home Depot, Inc. (NYSE:HD) but lowered its price target from $470 to $410. The adjustment followed Home Depot’s third-quarter result, which fell short of Street expectations, alongside a reduction in the fourth-quarter forecast and a shift in the company’s macroeconomic outlook.
Rob Wilson / Shutterstock.com
The Home Depot, Inc. (NYSE:HD) reduced its outlook for full-year 2025 earnings per share to roughly $14.50 from the previous average expectation of $15.00. The company’s management identified continuous deterioration in the housing market and ongoing consumer uncertainty as the primary variables limiting demand. Inventory levels rose 10% year-over-year, leading to concerns about gross margins, which are expected to fall around 75 basis points in the fourth quarter.
However, TD Cowen remains optimistic about Home Depot’s prospects, claiming that the store has “more ways to win versus peers” in the home improvement retail industry.
The Home Depot, Inc. (NYSE:HD) is the world’s largest home improvement retailer, operating over 2,300 stores that offer a wide selection of tools, building materials, appliances, and services for both DIY and professional projects.
While we acknowledge the potential of HD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.
