Lowe's Stock Faces Headwinds, Analysts See Upside

Lowes, a home improvement retail giant with a market value of over one hundred thirty-three billion dollars, has seen its stock performance falter recently. Despite operating over one thousand seven hundred stores and serving millions of customers weekly, the companys stock has dropped by nearly fourteen percent since December. This underperformance contrasts with the broader markets increase, and Lowes stock has seen a two point one percent dip year-to-date and a nearly twelve percent decline over the past fifty-two weeks. However, Lowes did see a small stock price uptick following its third-quarter results, with adjusted earnings per share beating consensus estimates. Analysts have a Moderate Buy rating on Lowes stock, suggesting a potential twelve point eight percent upside from its current levels.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.