Could Home Depot Stock Rise to $269?

Shares of Home Depot (NYSE: HD) are poised for a lift, with upside potential approaching 20%.

At least that's the view of Jefferies Financial Group analyst Randal Konik, who raised his price target on the DIY home repair giant to $269. That was a significant hike, as he had previously flagged it at $228. He maintained his buy rating on Home Depot while doing so.

Konik isn't the only bank analyst moving their price target on Home Depot stock. Wells Fargo prognosticator Zachary Fadem declared a similar boost, upping his projection from $215 to $260 per share. Like his Jefferies peer, Fadem kept his overweight (Wells Fargo-speak for "buy") rating on the stock.

Source Fool.com