Lowe’s (LOW) Isn’t as Bad as People Think, Says Jim Cramer

We recently published Jim Cramer Took A Side On Biggest AI Debate & Discussed These 13 Stocks. Lowe’s Companies, Inc. (NYSE:LOW) is one of the stocks discussed by Jim Cramer.

Lowe’s Companies, Inc. (NYSE:LOW) is one of the largest home improvement retailers in America. Its shares are down by 4.3% over the past year and by 11.9% year-to-date. Several analysts have discussed Lowe’s Companies, Inc. (NYSE:LOW)’s shares in May. For instance, Truist cut the share price target to $280 from $293 and kept a Buy rating on the stock on May 14th. The bank remarked that it had adjusted Lowe’s Companies, Inc. (NYSE:LOW)’s price target as part of its first-quarter preview for some retailers. Citi also discussed the share price target as it upgraded the rating to Buy from Neutral and reiterated a $285 share price target. The bank remarked that Lowe’s Companies, Inc. (NYSE:LOW) could benefit from the recent pullback in its share price and added that it expected the firm to surpass earnings estimates. The bank’s commentary proved insightful as the retailer beat its first quarter revenue and earnings estimates of $22.97 billion and $2.97 by posting $23.08 billion and $3.03. Cramer praised Lowe’s Companies, Inc. (NYSE:LOW) after the earnings:

“TJX great, Lowe’s not as bad as people think.

“I have to tell you that I thought that Marvin Ellison did a little better job than the stock indicates.”

Lowe's (LOW) Isn't as Bad as People Think, Says Jim Cramer

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While we acknowledge the risk and potential of LOW 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 LOW and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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