Blurbs

Wells Fargo Thinks Lowe’s’ Stock is Going to Recover

Wells Fargo analyst Zachary Fadem maintained a Buy rating on Lowe’s (LOWResearch Report) today and set a price target of $260.00. The company’s shares closed last Tuesday at $194.03, close to its 52-week low of $182.08.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 17.2% and a 64.0% 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.

Currently, the analyst consensus on Lowe’s is a Strong Buy with an average price target of $248.46, representing a 24.9% upside. In a report issued on May 6, Gordon Haskett Capital Corporation also maintained a Buy rating on the stock with a $225.00 price target.

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

Based on Lowe’s’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $21.34 billion and net profit of $1.21 billion. In comparison, last year the company earned revenue of $20.31 billion and had a net profit of $978 million.

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
Videos
Videos

Latest News Feed