Jefferies Maintains Buy on The Home Depot, Inc. (HD) Feb 24 2026
Jefferies maintained a Buy on The Home Depot, Inc. (HD) on Feb. 24, 2026. The firm also raised its price target to $454 from $424. This move is a clear signal in the current HD analyst rating landscape, coming the day after Home Depot reported an earnings beat. Investors should see the note as a confirmation of resilience in sales and margins, not a directional change in sentiment.
HD analyst rating update from Jefferies
On Feb. 24, 2026 at 02:38 PM, Jefferies kept its Buy rating on Home Depot and raised the price target to $454 from $424. That specific change was reported by TheFly and shows Jefferies is more optimistic on upside relative to its prior view. source
Why the HD analyst rating matters for investors
A maintained Buy with a higher price target signals confidence without altering the core recommendation. For investors, Jefferies’ action reduces uncertainty about near-term earnings momentum and supports the case for holding or adding on weakness. This is not a fresh upgrade or downgrade, but it strengthens the upside case with a concrete $454 valuation marker.
How the rating change ties to stock performance
Home Depot shares rose nearly 2% after an earnings beat the day before, supporting Jefferies’ timing. The market move and Jefferies’ revised price target work together to justify part of the rally. Broader market strength that day also helped, with the S&P 500 closing higher on Feb. 24, 2026. source
Historical context of analyst coverage for The Home Depot, Inc.
Jefferies is one of several large brokers that cover HD; institutional coverage has tracked the stock through housing cycles and retail trends. Over time, Wall Street recommendations on Home Depot have ranged from Hold to Buy, often shifting with same-store sales and DIY demand. Jefferies’ maintained Buy fits a longer pattern of cautious optimism among major firms.
Implications for HD upgrade and HD downgrade scenarios
Because Jefferies maintained its Buy rather than upgrading or downgrading, the immediate risk profile is stable. An actual HD upgrade would likely drive faster inflows and higher price moves. Conversely, a true HD downgrade would pressure sentiment and could widen the discount to peers. Jefferies’ move reduces the near-term probability of either abrupt outcome.
Valuation, market cap, and Meyka perspective on HD analyst rating
Home Depot’s market capitalization stands at $382,754,069,280. Meyka AI rates HD with a grade of B+. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka’s AI-powered market analysis views Jefferies’ higher price target as a modest positive for the stock’s risk-reward profile.
Final Thoughts
Jefferies’ Feb. 24, 2026 action kept a Buy on The Home Depot, Inc. (HD) and raised the price target to $454. That maintained Buy is an affirming vote on execution after an earnings beat, and it tightens the upside case without changing the recommendation. For investors, the update strengthens the argument to hold existing positions and consider incremental buys on dips, assuming your risk profile matches a large-cap consumer cyclical exposure. The note is not an upgrade or downgrade headline, but it moves price expectations higher and reduces near-term downside risk. Remember that Meyka AI rates HD with a grade of B+, which factors S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and do not constitute financial advice. Monitor earnings, same-store sales, and supply inputs as next catalysts for rating shifts.
FAQs
What did Jefferies change in the HD analyst rating on Feb. 24, 2026?
Jefferies maintained a Buy on The Home Depot, Inc. (HD) and raised the price target to $454 from $424 on Feb. 24, 2026, according to TheFly. This is a confirmation rather than a directional rating shift.
Does the Jefferies action count as an HD upgrade or HD downgrade?
No. Jefferies did not upgrade or downgrade HD. The firm maintained its Buy rating while increasing the price target to $454, which signals stronger upside assumptions but not a rating change.
How should investors interpret the HD analyst rating change for portfolio action?
Treat the maintained Buy and higher price target as supportive evidence to hold or add on weakness. Align any action with your time horizon, risk tolerance, and exposure to consumer cyclical stocks.
Where can I read the original analyst note and market context for this HD analyst rating?
Jefferies’ price target update is reported by TheFly, and broader market context that day appeared on CNBC. See the Jefferies item on TheFly and market coverage on CNBC for details.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.