New York, January 16, 2026, 14:15 EST — Regular session
Home Depot shares nudged higher on Friday after investors submitted a proposal urging the retailer to evaluate privacy risks linked to its use of Flock Safety license-plate reader cameras. The push comes as ICE arrests near certain stores have sparked concern. Zevin Asset Management is leading the effort, which is set to be voted on at the company’s annual meeting in May. A Home Depot spokesperson said the company does not give federal law enforcement access and noted: “We cannot legally interfere with federal enforcement agencies, including preventing them from coming into our stores and parking lots.” Reuters
The issue is pressing because investors are shifting attention from just earnings and growth to how firms handle data collection and sharing. Disputes over surveillance can quickly escalate into legal or reputational headaches, often hitting the news at the worst possible moment.
For Home Depot, the usual factors — housing turnover, contractor demand, and the speed of major projects — still dominate. But the stock tends to brush off distractions for weeks, then suddenly adjust its valuation in a single day.
Analysts tweaked their targets again. Morgan Stanley raised its price target for Home Depot to $412 from $395, maintaining an Overweight rating, signaling a preference for a larger position than the benchmark.
Truist bumped its price target to $405 from $390 and stuck with a Buy rating. The move was fueled by strong credit-card spending data, which analysts use to gauge consumer behavior, along with positive holiday updates. The firm also noted that bigger tax refunds might boost retail sales during usually slow months. Home Depot’s December performance held steady, even with tougher year-over-year comparisons.
The stock barely budged. Investors seem to need a clearer signal — a shift in policy, new disclosure, or a tangible drop in store traffic — before pushing the risk premium up.
U.S. stock markets were closed Monday in observance of Martin Luther King Jr. Day. Trading picks back up Tuesday.
Home Depot will release its Q4 2025 earnings on Tuesday, Feb. 24 at 9:00 a.m. ET — the next major event for the stock.
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