Analyst Zachary Fadem from Wells Fargo maintained a Buy rating on Lowe’s (LOW – Research Report) and keeping the price target at $295.00.
Zachary Fadem has given his Buy rating due to a combination of factors that suggest a positive outlook for Lowe’s. Despite a soft start to 2025 and some near-term risks, the company’s expectation for a rebound in the second quarter is credible, supported by strong performance in the latter half of the previous year and favorable conditions such as early spring demand in warmer markets and ongoing hurricane recovery efforts.
Additionally, Lowe’s demonstrated resilience with a solid fourth-quarter performance, including beating earnings per share expectations and gaining market share despite industry challenges. The company’s strategic initiatives, such as launching an AI assistant and a new Pro loyalty program, along with its ability to provide next-day appliance installations, further enhance its competitive edge. These factors, combined with stable Pro backlogs and consistent DIY industry discounts, contribute to a favorable risk/reward scenario, justifying the Buy rating.
According to TipRanks, Fadem is a 5-star analyst with an average return of 12.1% and a 63.93% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Domino’s Pizza, and McDonald’s.