Home Depot price target raised to $421 from $410 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Home Depot (HD) to $421 from $410 and keeps a Buy rating on the shares after its Q4 earnings beat. The key takeaways from the quarter included a notable inflection in the quarter’s top line with a positive Q4 comps for the first time since Q3 of 2022 and transactions up for the first time since Q2 of FY21, but FY25 guidance was worse than the consensus mid point as the company noted no significant change in the macro environment and with deleverage driving most of the operating margin pressure, the analyst tells investors in a research note.