'…One of Our Best Presidents' Home Depot Stock (NYSE:HD) Slips as Co-Founder Praises Trump
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Langone declared that Trump has '…got a good shot at going down in history as one of our best presidents ever.' In fact, it is Trump's leadership that has Langone noting that he's '…never been more excited about the future of America,' and that, '…like it or not, this guy is getting things done.'
Langone's biggest concern was that Trump would spend the next four years '…getting even,' but the last several months proved to be anything but about revenge. Langone had previously been a Trump supporter for the 2016–2020 term, but after the events of January 6, that was enough for Langone to throw his support behind then-President Biden. After Trump's win in the 2024 election, Langone also had unkind words for the massive tariffs aimed at Asian countries.
Cuomo For Mayor?
Langone did not stop there. He also weighed in on the New York City mayoral race, noting that the person best-positioned to beat Democratic candidate Zohran Mamdani is Andrew Cuomo. Cuomo, who decided to run as an Independent after losing to Mamdani in the primary, actually got a donation from Langone via a superPAC backing Cuomo.
Cuomo noted that only 13% of New Yorkers actually voted in the Democrat primary, which opens up a lot of potential room for him to win. Langone, for his part, noted that Cuomo had a ' wakeup call ' from his losses in the primary, which could put him in a better position to rally and take the office from Mamdani.
Is Home Depot a Good Long-Term Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on HD stock based on 18 Buys and six Holds assigned in the past three months, as indicated by the graphic below. After a 3.56% loss in its share price over the past year, the average HD price target of $430.44 per share implies 20.73% upside potential.
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