Wells Fargo Believes Home Depot (NYSE: HD) Won’t Stop Here

By Carrie Williams

Wells Fargo analyst Zachary Fadem maintained a Buy rating on Home Depot (NYSE: HD) on September 13 and set a price target of $230. The company’s shares closed on Friday at $209.07, close to its 52-week high of $215.43.

According to TipRanks.com, Fadem is a 4-star analyst with an average return of 12.9% and a 70.3% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.

Home Depot has an analyst consensus of Strong Buy, with a price target consensus of $218.83.

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The company has a one-year high of $215.43 and a one-year low of $157.16. Currently, Home Depot has an average volume of 3.9M.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.