Wells Fargo Sticks to Its Buy Rating for Lowe’s (LOW)

Wells Fargo analyst Zachary Fadem maintained a Buy rating on Lowe’s (LOWResearch Report) today and set a price target of $240.00. The company’s shares closed last Tuesday at $195.65.

According to, Fadem is a 5-star analyst with an average return of 17.4% and a 63.6% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.

Lowe’s has an analyst consensus of Strong Buy, with a price target consensus of $236.67.

See today’s best-performing stocks on TipRanks >>

Based on Lowe’s’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $23.66 billion and net profit of $2.33 billion. In comparison, last year the company earned revenue of $24.42 billion and had a net profit of $2.32 billion.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1946, Lowe’s Companies, Inc. operates as a home improvement retailer in the United States, Canada and Mexico. It offers home improvement products in various categories including appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company is headquartered in Mooresville, North Carolina.

Read More on LOW:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed