Morgan Stanley Sticks to Its Buy Rating for Home Depot (HD)
In a report released yesterday, Simeon Gutman from Morgan Stanley maintained a Buy rating on Home Depot (HD – Research Report), with a price target of $410.00. The company's shares closed yesterday at $361.73.
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Gutman covers the Consumer Cyclical sector, focusing on stocks such as Wayfair, Advance Auto Parts, and Home Depot. According to TipRanks, Gutman has an average return of 2.5% and a 58.75% success rate on recommended stocks.
Currently, the analyst consensus on Home Depot is a Moderate Buy with an average price target of $435.88.
Based on Home Depot's latest earnings release for the quarter ending February 2, the company reported a quarterly revenue of $39.7 billion and a net profit of $3 billion. In comparison, last year the company earned a revenue of $34.79 billion and had a net profit of $2.8 billion
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HD in relation to earlier this year. Most recently, in March 2025, Gregory Brenneman, a Director at HD bought 2,884.00 shares for a total of $999,767.44.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Grupo Financiero Galicia S.A. Announces Pricing of Secondary Offering of American Depositary Shares by HSBC Bank plc
BUENOS AIRES, June 10, 2025 (GLOBE NEWSWIRE) -- Grupo Financiero Galicia S.A. (Nasdaq: GGAL; Bolsas y Mercados Argentinos S.A./A3 Mercados S.A.: GGAL, the 'Company'), one of Argentina's largest financial services groups, announced today the pricing of the previously announced underwritten secondary offering (the 'Offering') by HSBC Bank plc (the 'Selling Shareholder') of 11,721,449 American Depositary Shares ('ADSs') representing 117,214,490 Class B ordinary shares of the Company, par value Ps.1.00 per share ('Class B ordinary shares') at a public offering price of $54.25 per ADS. The ADSs are not authorized for public offering in Argentina by the Argentine National Securities Exchange Commision (Comisión Nacional de Valores – 'CNV') and are not being offered or sold publicly under the Argentine Capital Markets Law No. 26,831, as amended and complemented. The documents related to the Offering have not been filed with, reviewed or authorized by the CNV, and therefore the CNV has not made any determination as to the truthfulness or completeness of those documents. All of the ADSs were offered by the Selling Shareholder. The Selling Shareholder will receive all of the proceeds from the Offering. The Company is not selling any ADSs in the Offering and will not receive any proceeds from the Offering. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as the representatives of the underwriters of the Offering. The Offering is expected to close on June 12, 2025 subject to customary closing conditions. The Offering is being made pursuant to an effective shelf registration statement on Form F-3 (including a prospectus) filed by the Company with the U.S. Securities and Exchange Commission ('SEC'). A final prospectus supplement and accompanying prospectus describing the terms of the Offering will be filed with the SEC, copies of which may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, and from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ These documents may also be obtained free of charge by visiting EDGAR on the SEC's website at This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Cautionary Note Concerning Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Exchange Act. Such forward-looking statements include, but are not limited to, those regarding the expected closing of the Offering. Forward-looking statements generally can be identified by the use of such words as 'may', 'will', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'continue' or other similar terminology, although not all forward-looking statements contain these identifying words. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including, but not limited to, risks and uncertainties related to: the occurrence of any event, change or other circumstance that could impact the expected timing, completion or other terms of the Offering; the impact of general economic, industry or political conditions in the United States or internationally, as well as the other risk factors set forth under the caption Item 3.D. 'Risk Factors' in our most recent annual report on Form 20-F, and from time to time in the Company's other filings with the SEC. The information contained in this press release is as of the date indicated above. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements to reflect later events or circumstances or to reflect the occurrence of unanticipated events. About Grupo Financiero Galicia S.A.: Grupo Financiero Galicia S.A. (Nasdaq: GGAL; Bolsas y Mercados Argentinos S.A./A3 Mercados S.A.: GGAL) is the main financial services holding company in Argentina, which seeks to create long-term value through its companies, providing savings, credit, investment, insurance, advice and digital solutions opportunities to people, companies and organizations, prioritizing customer experience and sustainable development. With more than 110 years of experience, Grupo Financiero Galicia S.A. is a group of financial services companies in Argentina, integrated by Banco de Galicia y Buenos Aires S.A.U. (Banco Galicia), GGAL Holdings S.A. (Galicia Más Holdings), Tarjetas Regionales S.A. (Naranja X), Sudamericana Holdings S.A. (Galicia Seguros), Galicia Asset Management S.A.U. (Fondos Fima), IGAM LLC (Inviu), Galicia Securities S.A.U. (Galicia Securities), Agri Tech Investment LLC (Nera), Galicia Ventures LP and Galicia Investments LLC (collectively referred to as Galicia Ventures), and Galicia Warrants S.A. (Warrants). Investor Contact: Mr. Pablo FirvidaInvestor Relations +5411 6329 4881inversores@ THE TERMS AND CONDITIONS OF THE OFFERING WILL BE NOTIFIED IN ARGENTINA PURSUANT TO AN HECHO RELEVANTE, SOLELY FOR INFORMATIONAL PURPOSES, BUT SUCH NOTICE WILL NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN in to access your portfolio
Bloomberg
2 hours ago
- Bloomberg
Morgan Stanley Australia CEO Says IPOs, Deals Are Returning
Morgan Stanley 's Australia chief said he's seeing a return of initial public offerings and merger activity after a 'horrible' first half as the country's stability draws overseas capital. 'Certainly the first six months of this year have been difficult on deal flow, but I think we are about to see that change,' Richard Wagner said in a Bloomberg TV interview in Sydney. 'We will see the IPO market open' and the M&A pipeline is 'very strong' in Australia, which augurs well for the next six months, he said.
Yahoo
3 hours ago
- Yahoo
Voyager Announces Pricing of Initial Public Offering
DENVER, June 10, 2025--(BUSINESS WIRE)--Voyager Technologies, Inc. ("Voyager") today announced the pricing of its underwritten initial public offering of 12,348,387 shares of its Class A common stock at the initial public offering price of $31.00 per share. In addition, the underwriters of the offering have been granted a 30-day option to purchase from Voyager up to 1,852,258 additional shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. Voyager intends to use the net proceeds received from the offering primarily to fund strategic growth initiatives, including investment in research and development programs and the acquisition of capital assets necessary to support Voyager's long-term innovation roadmap and growth strategies. Additionally, a portion of the proceeds may be allocated to pursue potential mergers and acquisitions aligned with Voyager's core business areas. Remaining proceeds will be used for general working capital and corporate purposes, including repayment of indebtedness outstanding, administrative expenses, systems improvements, and other operational needs. Voyager's Class A common stock is expected to begin trading on the New York Stock Exchange on June 11, 2025 under the ticker symbol "VOYG." The offering is expected to close on June 12, 2025, subject to customary closing conditions. Morgan Stanley and J.P. Morgan are acting as joint-lead book-running managers for the proposed offering. Barclays, Jefferies, BofA Securities, KeyBanc Capital Markets and Wolfe | Nomura Alliance are acting as book-running managers for the proposed offering. The offering is being made only by means of a prospectus. Copies of the final prospectus related to this offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 and J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@ and postsalemanualrequests@ About Voyager Voyager is a defense and space technology company committed to advancing and delivering transformative, mission-critical solutions. By tackling the most complex challenges, Voyager aims to unlock new frontiers for human progress, fortify national security, and protect critical assets from ground to space. Important Information A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. Copies of the registration statement can be accessed through the SEC's website at This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements Certain statements contained in this press release, including statements relating to Voyager's expectations regarding the completion, timing and size of its proposed public offering and listing, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Voyager intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Voyager's use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," "seek," "objective," "goal," "strategy," "plan," "focus," "priority," "should," "could," "potential," "possible," "look forward," "optimistic," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Voyager's performance in future periods. Except as required by law, Voyager does not undertake any obligation to update or revise any forward-looking statements contained in this release. View source version on Contacts Investor Relations Contactinvestors@ Media ContactNickell Communications for Voyager:voyager@ Sign in to access your portfolio
