# Home Depot Stock Analysis: Strategic Changes and Growth Potential | October 2023 Podcast

Explore our in-depth analysis of Home Depot (HD) stock, currently trading near $405—at the lower end of its annual range—despite heavy trading volume of $1.5 billion on October 1st. This episode examines HD's major supply chain transformation, cutting 15% of vendors while prioritizing regional suppliers, alongside their substantial $200 million investment in AI-powered analytics.

We break down Home Depot's recent earnings of $4.68 per share on $45.28 billion revenue, with year-over-year growth approaching 5%. Learn why Wall Street remains bullish with an average price target of $437, featuring notable upgrades from Morgan Stanley ($430), Oppenheimer ($420), and Wolfe Research's ambitious $497 target with an outperform rating.

Discover why analysts maintain a "moderate buy" consensus despite short-term fluctuations, and what to watch for in November's upcoming earnings report as Home Depot balances operational restructuring with technological innovation in today's competitive retail landscape.

#HomeDepot #StockAnalysis #RetailInvesting #SupplyChainStrategy #AIInvestment #WallStreetOutlook #StockMarketAnalysis

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