Wall Street Zen Upgrades Home Depot to Hold

Analysts raise rating from "sell" to "hold" on home improvement retailer

Mar. 21, 2026 at 6:29am

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Wall Street Zen, a research firm, has upgraded Home Depot's stock rating from "sell" to "hold" in a new report. Several other brokerages have also weighed in on Home Depot, with some raising their price targets while others lowered their outlooks for the home improvement retailer.

Why it matters

Home Depot's stock performance and analyst sentiment are closely watched by investors, as the company is a bellwether for the home improvement industry and consumer spending. The upgrade and mixed analyst views reflect the broader uncertainty and volatility in the market currently.

The details

In its research note, Wall Street Zen cited a number of factors in upgrading Home Depot to a "hold" rating, including the company's recent financial results and outlook. Other analysts have also adjusted their views, with Truist Financial setting a $424 price target and Guggenheim boosting its target to $425. However, Goldman Sachs lowered its price objective to $409.

  • Wall Street Zen issued its research report on Saturday, March 21, 2026.

The players

Wall Street Zen

An equity research firm that covers Home Depot and other major retail and consumer stocks.

Home Depot

A leading home improvement retailer that operates large-format stores and an integrated online platform, offering a wide range of products and services.

Truist Financial

A diversified financial services company that has provided research coverage on Home Depot.

Guggenheim

An investment bank and financial services firm that has issued research on Home Depot.

Goldman Sachs

A global investment banking and securities firm that has provided analysis on Home Depot.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

The mixed analyst views on Home Depot reflect the broader uncertainty in the market, as investors weigh factors like consumer spending, inflation, and the potential impact of a slowing economy. The upgrade by Wall Street Zen, along with the varied price targets from other firms, suggests the home improvement sector remains an area of focus for analysts and investors alike.