Lowe's Companies (LOW) Stock Forecast & Price Target

$281.31

-2.74 (-0.96%)

(As of 10/17/2024 ET)

Lowe's Companies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 24 Analyst Ratings

Sell
0

Hold
11

Buy
13

Based on 24 Wall Street analysts who have issued ratings for Lowe's Companies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 24 analysts, 11 have given a hold rating, and 13 have given a buy rating for LOW.

Consensus Price Target

$268.42
-4.58% Downside

According to the 24 analysts' twelve-month price targets for Lowe's Companies, the average price target is $268.42. The highest price target for LOW is $307.00, while the lowest price target for LOW is $229.00. The average price target represents a forecasted downside of -4.58% from the current price of $281.31.

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LOW Analyst Ratings Over Time

Type	Current Forecast 10/19/23 to 10/18/24	1 Month Ago 9/19/23 to 9/18/24	3 Months Ago 7/21/23 to 7/20/24	1 Year Ago 10/19/22 to 10/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	10 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)
Hold	11 Hold rating(s)	12 Hold rating(s)	14 Hold rating(s)	13 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$268.42	$252.83	$250.04	$235.76
Forecasted Upside	-4.58% Downside	-1.48% Downside	4.83% Upside	23.80% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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LOW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LOW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Lowe's Companies Stock vs. The Competition

Type	Lowe's Companies	Consumer Cyclical Companies	S&P 500
Consensus Rating Score	2.54	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-4.58% Downside	106.23% Upside	6.35% Upside
News Sentiment Rating	Positive News See Recent LOW News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/14/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$269.00 ➝ $306.00	+10.52%
10/11/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$275.00 ➝ $305.00	+10.75%
10/9/2024	Loop Capital 2 of 5 stars	L. Champine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$250.00 ➝ $300.00	+9.78%
10/2/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$230.00 ➝ $275.00	+0.86%
9/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$262.00 ➝ $307.00	+14.68%
9/24/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$230.00 ➝ $305.00	+16.28%
Get the Latest News and Ratings for LOW and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Lowe's Companies and its competitors with MarketBeat's FREE daily newsletter.
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$290.00	+11.32%
9/19/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$240.00 ➝ $265.00	+2.05%
8/21/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$245.00 ➝ $240.00	-0.25%
8/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$250.00 ➝ $255.00	+5.37%
8/21/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$290.00 ➝ $280.00	+15.70%
8/21/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$245.00 ➝ $238.00	-1.27%
8/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$272.00 ➝ $270.00	+12.00%
8/21/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$225.00 ➝ $250.00	+3.47%
8/21/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$270.00 ➝ $290.00	+20.02%
8/21/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$250.00 ➝ $250.00	+4.02%
5/22/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$270.00 ➝ $240.00	+7.38%
5/13/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$225.00 ➝ $250.00	+7.76%
5/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$243.00 ➝ $240.00	+3.42%
4/2/2024	Zelman & Associates Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Neutral	$265.00	+8.41%
3/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$280.00	+15.00%
2/14/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Average ➝ Outperform	$250.00	+10.40%
2/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$238.00 ➝ $262.00	+15.48%
1/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$203.00 ➝ $229.00	+7.92%
9/22/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$250.00	+18.70%
9/5/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$252.00 ➝ $282.00	+21.29%
8/23/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$240.00 ➝ $250.00	+10.75%
7/12/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$250.00 ➝ $260.00	+12.31%
5/17/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/1/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Bellinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
12/19/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$210.00	+3.36%
11/9/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Bellinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$220.00 ➝ $205.00	+7.39%
10/19/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$159.00	-14.23%
10/19/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$210.00	+8.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:08 AM ET.

Should I Buy Lowe's Companies Stock? LOW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 14, 2024. Please send any questions or comments about these Lowe's Companies pros and cons to contact@marketbeat.com.

Lowe's Companies
Bull Case

Here are some ways that investors could benefit from investing in Lowe's Companies, Inc.:

Lowe's Companies, Inc. stock price has been steadily increasing, reaching $275.76 on the latest trading day, indicating positive market sentiment.
Lowe's Companies, Inc. recently increased its dividend payout, showing commitment to rewarding shareholders and potentially attracting income-focused investors.
Wall Street analysts have generally provided positive ratings and price targets for Lowe's Companies, Inc., indicating confidence in the company's future performance.
Lowe's Companies, Inc. reported earnings per share of $4.10 for the latest quarter, surpassing analysts' estimates, showcasing strong financial performance.
Lowe's Companies, Inc. has a diversified product line for home improvement, catering to a wide customer base and potentially ensuring stable revenue streams.

Lowe's Companies
Bear Case

Investors should be bearish about investing in Lowe's Companies, Inc. for these reasons:

Lowe's Companies, Inc. experienced a decrease in revenue by 5.5% on a year-over-year basis, indicating potential challenges in revenue growth.
Lowe's Companies, Inc. has a negative return on equity of 47.07%, which may raise concerns about the company's profitability and efficiency in generating returns for shareholders.
Lowe's Companies, Inc.'s payout ratio is relatively high at 36.95%, suggesting a significant portion of earnings is being distributed as dividends instead of reinvested in the business.
Lowe's Companies, Inc. faces competition in the home improvement retail sector, which could impact market share and profitability in a competitive environment.
Lowe's Companies, Inc.'s stock price has a beta of 1.10, indicating higher volatility compared to the market, potentially leading to greater price fluctuations.

LOW Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Lowe's Companies is $268.42, with a high forecast of $307.00 and a low forecast of $229.00.
: 24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lowe's Companies in the last twelve months. There are currently 11 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LOW shares.
: According to analysts, Lowe's Companies's stock has a predicted downside of -4.58% based on their 12-month stock forecasts.
: Over the previous 90 days, Lowe's Companies's stock had 2 upgrades by analysts.
: Lowe's Companies has been rated by research analysts at Bank of America, Evercore ISI, Gordon Haskett, JPMorgan Chase & Co., Loop Capital, Melius Research, Morgan Stanley, Oppenheimer, Piper Sandler, Royal Bank of Canada, TD Cowen, Telsey Advisory Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Lowe's Companies less than other "consumer cyclical" companies. The consensus rating score for Lowe's Companies is 2.54 while the average consensus rating score for "consumer cyclical" companies is 2.62. Learn more on how LOW compares to other companies.

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This page (NYSE:LOW) was last updated on 10/18/2024 by MarketBeat.com Staff

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