Jim Cramer Discusses Home Depot (HD) Stock

We recently published Jim Cramer Shared Latest Take On Mega Quantum Computing Investment & Discussed These 13 Stocks. The Home Depot, Inc. (NYSE:HD) is one of the stocks discussed by Jim Cramer.

Home improvement retailer The Home Depot, Inc. (NYSE:HD)’s shares are down by 15% over the past year and by 9.5% year-to-date. TD Cowen discussed the firm on May 20th as it reduced the share price target from $450 to $375 and kept a Buy rating on the stock. The financial firm remarked that The Home Depot, Inc. (NYSE:HD)’s first-quarter earnings results had demonstrated the firm’s ability to execute well despite operating in a tough environment. RBC Capital also cut the share price target on the same day. It reduced the target to $340 from $377 and kept a Sector Perform rating. As part of its coverage, the bank remarked that The Home Depot, Inc. (NYSE:HD)’s cost and demand environment appeared to be worsening. Likewise, Morgan Stanley reduced the share price target to $400 from $420 and kept an Overweight rating on the shares following the earnings, as it reduced future earnings estimates. Cramer briefly discussed The Home Depot, Inc. (NYSE:HD) along with other retailers in a tweet:

“Target over done; TJX stay the course…. HD will hold”

Jim Cramer Discusses Home Depot (HD) Stock

Photo by Collov Home Design on Unsplash

While we acknowledge the risk and potential of HD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HD and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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