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● TRACKER Updated 27d ago · 4 sources tracked

We upgraded Home Depot and raised our price target. It made the best of a terrible hand

Analysts upgraded Home Depot and raised their price target, citing the company's ability to make the best of a difficult situation. Meanwhile, SanDisk's stock rallied after reports emerged that it had secured contracts with Nvidia, although some sources indicate these contracts were already signed.

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  • ✓ Home Depot made the best of a terrible hand
  • ✓ SanDisk rallied on contracts it had already signed
🛡️ Source Corroboration: 4 independent reporting domains (61% confidence) ⏱ Read time: ~2 min

What changed

Analysts upgraded Home Depot's stock and raised their price target, while SanDisk's stock rallied due to reports of its contracts with Nvidia.

Live updates

  1. Home Depot Upgraded, SanDisk Rallies on Contracts

    Analysts upgraded Home Depot and raised their price target, citing the company's ability to make the best of a difficult situation. Meanwhile, SanDisk's stock rallied after reports emerged that it had secured contracts with Nvidia, although some sources indicate these contracts were already signed.

    Why it matters

    The upgrades and contract announcements have impacted the stock prices of Home Depot and SanDisk. Home Depot's upgrade reflects its resilience in a challenging market, while SanDisk's rally is linked to its partnership with Nvidia, a key player in the tech industry. These developments are being closely watched by investors and analysts.

    What is confirmed

    • Home Depot made the best of a terrible hand
    • SanDisk rallied on contracts it had already signed

    Still unconfirmed

    • SanDisk's Nvidia catalyst just emerged

    What to watch next

    • Home Depot's future earnings report
    • SanDisk's stock performance in September
    • Details on SanDisk's contracts with Nvidia
    Sources used for this update (5)
    1. Trefis — SanDisk Rallied On Contracts It Had Already Signed
    2. CNBC — We upgraded Home Depot and raised our price target. It made the best of a terrible hand
    3. CNBC — Stocks making the biggest moves after hours: Toll Brothers, Keysight Technologies, La-Z-Boy & more
    4. Seeking Alpha — Sandisk’s Nvidia Catalyst Just Emerged (Rating Upgrade) (NASDAQ:SNDK)
    5. The Motley Fool — Sandisk Stock Is Down 30% From Its Peak: Is the Memory Winner Still a Screaming Buy Before September?
    confidence 61%
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