While there were other things to nitpick in the report, like a slight decline in margins, the lack of an outlook is likely the main reason that the stock was falling in early trading. Management did note that if late-2020 trends continue into this year, same-store sales will be flat to slightly positive for 2021.

What's the forecast for Home Depot stock?

Stock Price Forecast The 30 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 420.00, with a high estimate of 470.00 and a low estimate of 310.00. The median estimate represents a +1.21% increase from the last price of 414.98.

Is Lowe's a good stock to buy?

Lowe’s currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.