Max Rakhlenko, an analyst from TD Cowen, maintained the Hold rating on Lowe’s (LOW – Research Report). The associated price target remains the same with $270.00.
Max Rakhlenko has given his Hold rating due to a combination of factors including Lowe’s recent financial performance and market conditions. The company posted a strong fourth-quarter performance and its fiscal year 2025 guidance appears solid, yet the start of the first quarter has been sluggish. While Lowe’s is experiencing positive growth in its Pro segment, the DIY segment remains weak, particularly in big-ticket discretionary categories.
Despite the challenges in the DIY segment, Lowe’s is gaining momentum in the Pro segment, which is expected to continue outperforming. The company’s guidance suggests potential for upside if Pro growth persists and DIY headwinds diminish, although there are concerns about consumer confidence and housing market indicators. Overall, the balance of these factors led to the Hold rating as the company navigates both opportunities and challenges in the current market environment.
In another report released on February 19, Evercore ISI also maintained a Hold rating on the stock with a $290.00 price target.