Bernstein Raises Target Price on Home Depot (HD) to $381, Ahead of Q4 Earnings Release

The Home Depot Inc. (NYSE:HD) is one of the 14 Best Consumer Discretionary Stocks to Buy Right Now.

Bernstein, on February 18, increased its target price on Home Depot by 5.2% to $381 (from $362) and kept its Market Perform call on the stock. This price update comes ahead of the scheduled release of Home Depot’s Q4 2025 earnings on February 24. The firm is tempering its expectations, reducing its Q4 same-store sales growth forecast by 40 to 50 basis points to reflect the recent snowstorm, which is likely to have negatively affected homebuilding and improvement activity.

The weaker Q4 2025 same-store sales growth can already be seen in the earnings release of Home Depot’s competitors. Floor & Décor Holdings, which released its results on February 19, saw its same-store sales decline by 4.8% YoY. Brad Paulsen, Floor & Décor’s Chief Executive Officer, blamed the “softness in existing home sales activity” for this decline.

Builders FirstSource, which released its 4th-quarter results on February 17, reported a 13.0% YoY decline in core organic net sales. The multi-family and single-family segments showed the biggest falls of 20.4% YoY and 15.4% YoY, respectively.

The Home Depot Inc. (NYSE:HD) is a home improvement specialty retailer, with 1,200+ stores in the United States and 1,100+ stores globally. The company is based in Atlanta, Georgia, and was founded in June 1978 by Bernard Marcus, Arthur Blank, Kenneth Gerald Langone, and Pat Farrah.

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Disclosure: None. This article is originally published at Insider Monkey.