Home Depot's $821 Million Trading Volume Ranks 76th Amid Two-Day Stock Decline

On May 6, 2025, The Home Depot, Inc. (HD) experienced a trading volume of $821 million, ranking 76th in the day's stock market activity. The stock price decreased by 0.65%, marking the second consecutive day of decline, with a total decrease of 1.41% over the past two days.

The stock is currently considered fairly valued according to valuation models, trading around 2.8% below its intrinsic value. This suggests that buying at the current price could be a strategic move for investors.

Truist has raised its price target for Home Depot from $391 to $393, maintaining a Buy rating. This adjustment is part of a broader research note on select consumer names, citing improved April trends due to factors such as the late Easter, pull-forward demand, and better weather. However, the analyst notes that sales and gross margin risks remain for many companies as the impact of tariffs starts to flow through profit and loss statements.

Morgan Stanley has also given Home Depot a new price target of $410.00, indicating continued optimism about the company's prospects. This encouragement comes as Home Depot introduces a new budget-friendly plan, which could attract more investors and drive future growth.