Lowe's stock rises after Barclays upgrade and price target increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Jan 26
Source: Barron's
Lowe's Companies Inc saw a price increase of 3.94%, reaching a 20-day high amid mixed market conditions, with the Nasdaq-100 down 0.63% and the S&P 500 up 0.06%.
This surge is attributed to Barclays analyst Seth Sigman's upgrade of Lowe's rating to overweight, along with a price target increase from $259 to $285. The upgrade reflects anticipated demand recovery from higher-income customers, which is expected to enhance Lowe's competitive position in the market.
The positive outlook from Barclays suggests that Lowe's is well-positioned to benefit from improving market conditions, particularly as demand from high-income customers is expected to rise, potentially driving further stock performance.
Analyst Views on LOW
Wall Street analysts forecast LOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LOW is 278.27 USD with a low forecast of 250.00 USD and a high forecast of 316.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
16 Buy
6 Hold
0 Sell
Moderate Buy
Current: 274.950
Low
250.00
Averages
278.27
High
316.00
Current: 274.950
Low
250.00
Averages
278.27
High
316.00
About LOW
Lowe's Companies, Inc. is a home improvement company. The Company offers a complete line of products for construction, maintenance, repair, remodeling, and decorating. It offers home improvement products in various categories, including appliances, seasonal and outdoor living, lumber, lawn and garden, kitchens and bath, hardware, building materials, millwork, paint, rough plumbing, tools, electrical, flooring, and decor. It is focused on offering a wide selection of national brand-name merchandise complemented by its selection of private brands. Its services include installed sales and Lowe's Protection Plans and Repair Services. The Company offers installation services through independent contractors in many of its product categories. It offers extended protection plans for certain products within the appliances, kitchens and bath, decor, millwork, rough plumbing, electrical, seasonal and outdoor living, tools, and hardware categories. It operates over 1,700 home improvement stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
