Gordon Haskett cuts Lowe's stock target to USD 200 from USD 240

Published on 10/07/2026 at 15:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lowe's launched drone delivery on September 24, 2026, in as fast as 20 minutes. Lowe's stock costs EUR 163.23 after EUR 162.95.

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Lowe's stock (ISIN US5486611073) was trading at EUR 163.23 at Lang & Schwarz on October 7, 2026 at 3:35 p.m. CEST, plus 0.17 percent versus the prior close of EUR 162.95. On September 24, 2026, Gordon Haskett cut its Lowe's price target from USD 240.00 to USD 200.00 and changed its rating from Buy to Hold, as reported by Trefis.

Target cut meets a technology push

The target reduction followed Lowe's fiscal second-quarter 2026 results, which showed the tension between sales growth and investor caution. According to Trefis, total sales reached USD 26.0 billion in the quarter ended July 31, 2026, up from USD 24.0 billion in the prior-year quarter, while adjusted diluted earnings per share reached USD 4.40.

The same report said adjusted diluted earnings per share exceeded the cited analyst range of USD 4.22 to USD 4.38, while sales were below the cited consensus of USD 26.13 billion. That comparison matters because the market can reward earnings execution while still discounting weaker discretionary home-improvement demand.

Drone delivery tests convenience

Lowe's announced a drone delivery pilot at its Matthews, North Carolina, store on September 24, 2026. The company is working with DoorDash and Wing to deliver selected tools, paint products and household essentials in as fast as 20 minutes, according to PR Newswire.

The pilot gives Lowe's a concrete test of faster fulfillment rather than a broad promise about future retail technology. CNBC reported that the initial service covers over 100 products and is designed for eligible customers near the store, while expansion depends on the test results.

Stock remains below its yearly high

Market data on October 7, 2026, put Lowe's market capitalization at USD 102.7 billion and its 52-week range at USD 178.45 to USD 293.06. The Lang & Schwarz euro quote therefore sits above the lower end of the company's primary-market range when viewed through the same-day exchange-rate context, while the daily euro move remains limited to plus 0.17 percent.

Lowe's investor calendar lists the next earnings conference call for November 18, 2026, and the 2026 Analyst and Investor Conference for December 9, 2026, on its investor-relations page. Those dates give the market two scheduled checkpoints for judging whether the delivery pilot and the latest sales trend can offset the lower analyst target.

Price holds above prior close

Lowe's stock was trading at EUR 163.23 at Lang & Schwarz on October 7, 2026 at 3:35 p.m. CEST, plus 0.17 percent versus the Lang & Schwarz prior close of EUR 162.95 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Lowe's stock.