A couple of analyst updates have highlighted that Home Depot (NYSE: HD) is one of the most fascinating stocks on the market. Here's some information investors should consider before buying the stock.

Jefferies reinstated coverage of Home Depot and immediately slapped a $426 price target on the stock, along with a buy rating. The analyst cited the recent acquisition of residential specialty trade-distribution company SRS Distribution for an enterprise value of $18.25 billion. The price target implies a 16% upside to the current price.

Stifel, on the other hand, gave the company a price-target upgrade from $374 to $380, which implies less than 4% upside and comes with a hold rating. The Stifel analyst cut earnings estimates for Home Depot in 2024 and 2025, due to the integration of SRS.

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Source Fool.com