Lowe’s Companies, Inc. (NYSE: LOW) is a leading American home improvement retailer, offering a wide range of products for construction, renovation, and maintenance. With over 2,000 stores, Lowe’s serves both DIY enthusiasts and professional contractors across North America.
Key Takeaways:
- Lowe’s is well-positioned for sustained growth due to strong fundamentals, market share gains, and favorable housing market trends
- We forecast Lowe’s stock price to reach $6500 by 2050, representing significant upside potential for long-term investors
- Near-term catalysts include continued revenue and earnings growth, dividend increases, and share buybacks
- Primary risks are a housing market downturn, increased competition, and economic recession
Overview of Lowe’s Companies Inc.
Founded in 1921, Lowe’s is the second-largest home improvement retailer worldwide and operates nearly 2,200 stores throughout the United States and Canada. With its corporate headquarters situated in Mooresville, North Carolina.
The company also boasts a robust digital presence, catering to customers through its e-commerce platforms, Lowes.com and LowesForPros.com. From essential building materials and tools to a wide array of appliances, hardware, and gardening supplies, Lowe’s diverse product assortment caters to the needs of both DIY enthusiasts and professional contractors alike.
Lowe’s Company Profile
| Country | United States |
| Ticker Symbol | LOW |
| Exchange | NYSE |
| Founded | 1921 |
| IPO Date | 1961 |
| Industry | Home Improvement Retail |
| Sector | Consumer Discretionary |
| Employees | 226,000 |
| CEO | Marvin R. Ellison |
| Market Cap (August 30, 2024) | $140.97 billion |
| Website | corporate.lowes |
Lowe’s (LOW) Balance Sheet Analysis
Lowe’s Companies, Inc. (NYSE: LOW) had Total Assets of $41.80 billion and Total Liabilities of $56.85 billion in fiscal year 2024. The company’s Total Equity was a negative $15.05 billion, indicating accumulated losses or significant write-downs.
Its Working Capital was $3.50 billion, with Current Assets exceeding Current Liabilities. However, the high Total Debt of $40.15 billion and Net Debt of $35.00 billion highlight Lowe’s leveraged position.
The company’s Invested Capital stood at $20.87 billion, while its Tangible Book Value matched the negative Total Equity figure of -$15.05 billion. With 574 million Shares Outstanding, Lowe’s balance sheet raises concerns about financial health.
Overall, Lowe’s 2024 balance sheet portrays a company with significant debt loads and an eroded equity base, necessitating a closer look at its financial standing.
Balance Sheet Data Source: finance.yahoo
Lowe’s Stock Price History
Lowe’s Companies, Inc. (NYSE: LOW) had its IPO in the year 1985. Lowe’s Companies (LOW) underwent stock splits in 1992, 1994, 1998, 2001, and 2006, with a cumulative split multiple of 32. The most recent 2:1 split occurred on July 3, 2006, effectively doubling the number of shares.1
As of August 30, 2024, the stock price stands at $248.50.
Lowe’s Stock Price Forecast 2024
For 2024, we project Lowe’s stock price will end the year between $264.59 and $308.01, with an average price target of $282.11. Growth will be driven by market share gains, new store openings, e-commerce expansion, and margin improvement. Lowe’s will benefit from continued strength in home sales, remodeling activity, and its Pro customer segment. The company’s investments in digital capabilities, improved product assortment, and enhanced customer service will support sales and earnings growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $264.59 | $282.11 | $308.01 |
Lowe’s Stock Price Forecast 2025
Looking ahead to 2025, we forecast Lowe’s stock price to trade between $297.66 and $446.51, with an average target of $317.37. This represents a 12.5% increase from our 2024 average price target. Lowe’s will benefit from continued investments in technology, merchandising, and supply chain optimization. The company’s focus on higher-margin private label brands, store productivity initiatives, and improved pricing and promotion strategies will drive profitability. Lowe’s will also expand its market share in key categories such as appliances, tools, and outdoor living.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $297.66 | $317.37 | $446.51 |
Lowe’s Stock Price Forecast 2026
By 2026, we expect Lowe’s stock to be valued between $334.87 and $589.83, with an average price of $357.05. The 12.5% forecasted increase will be supported by rising revenues from professional contractors, expansion into new services, and growing demand from millennials entering the housing market. Lowe’s will benefit from its enhanced Pro loyalty program, jobsite delivery capabilities, and specialized sales teams. The company will also capitalize on the aging housing stock, home automation trends, and the growing popularity of outdoor living spaces.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $334.87 | $357.05 | $589.83 |
Lowe’s Stock Price Forecast 2027
Our 2027 forecast for Lowe’s stock price is a range of $371.71 to $632.71, averaging $396.32. This projection implies a 11.0% rise, driven by market share gains in appliances and other key categories, private label brand growth, and further e-commerce penetration and omnichannel integration. Lowe’s will continue to invest in store resets, innovative merchandising displays, and enhanced customer experiences. The company will also benefit from strategic partnerships, exclusive product offerings, and expansion into new services such as equipment rental and home installation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $371.71 | $396.32 | $632.71 |
Lowe’s Stock Price Forecast 2028
For 2028, we forecast a stock price range of $419.03 to $787.81 for Lowe’s, with a mean target of $446.84. This represents an 12.7% increase over the prior year, supported by aging housing stock, rising home equity, and demand for energy-efficient and smart home upgrades. Lowe’s will capitalize on these trends through its expanded product assortment, value-added services, and strategic brand partnerships. The company will also benefit from its data analytics capabilities, personalized marketing, and loyalty program enhancements.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $419.03 | $446.84 | $787.81 |
Lowe’s Stock Price Forecast 2029
By 2029, we project Lowe’s shares will trade from $465.12 to $841.47, averaging $495.99. The 11.0% forecasted increase reflects opportunities from further consolidation in the home improvement industry, international expansion, and rising spending on home maintenance and repairs. Lowe’s will leverage its scale, supply chain capabilities, and vendor relationships to drive profitability. The company will also benefit from its digital investments, including augmented reality tools, predictive analytics, and an enhanced mobile app experience.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $465.12 | $495.99 | $841.47 |
Lowe’s Stock Price Forecast 2030
Looking ahead to 2030, our analysis indicates a price range of $527.70 to $914.27 for Lowe’s stock, with an average target of $562.64. This implies a 13.4% appreciation, driven by market share gains from store remodels and relocations, expansion into adjacent categories, and service revenue growth.
Like other retailers in the home improvement sector, Lowe’s will continue to adapt its store formats to meet evolving customer needs, with a focus on enhanced product displays, interactive experiences, and specialized departments. This trend is also reflected in the Tractor Supply Company stock forecast, as rural lifestyle retailers similarly adjust to changing consumer preferences.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $527.70 | $562.64 | $914.27 |
Lowe’s Stock Price Forecast 2031
For 2031, we forecast Lowe’s stock will advance 11.8% to trade between $590.01 and $986.97, averaging $629.15. Gains will be fueled by continued investments in digital capabilities, personalized customer experiences, strategic brand partnerships, and new product innovation. Lowe’s will leverage advanced analytics, artificial intelligence, and machine learning to optimize pricing, promotions, and inventory management. The company will also expand its private label offerings, exclusive brands, and environmentally friendly product lines to meet changing consumer preferences.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $590.01 | $629.15 | $986.97 |
Lowe’s Stock Price Forecast 2032
By 2032, our projections show Lowe’s stock price appreciating 14.0% to a range of $672.61 to $1183.14, with a mean of $717.23. An aging population driving demand for senior-friendly home modifications, growth in the professional contractor segment, and rising spending on outdoor living spaces will support this increase. Lowe’s will cater to these trends through targeted marketing, expanded product offerings, and enhanced service capabilities. The company will also benefit from its supply chain investments, inventory optimization, and vendor collaborations.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $672.61 | $717.23 | $1183.14 |
Lowe’s Stock Price Forecast 2033
For 2033, we estimate Lowe’s shares will trade between $749.76 and $1373.20, averaging $799.62. This represents a robust 11.5% increase, bolstered by expanding operating margins, growth of installation and repair services, and increasing demand for smart home and home automation products. Lowe’s will capitalize on these opportunities through its specialized sales teams, enhanced service offerings, and strategic technology partnerships. The company will also benefit from its data-driven merchandising, dynamic pricing, and personalized promotions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $749.76 | $799.62 | $1373.20 |
Lowe’s Stock Price Forecast 2034
Looking ahead to 2034, we forecast a Lowe’s stock price range of $854.72 to $1595.45, with an average target of $911.57. The 14.0% projected increase will be driven by continued market share gains, growth of proprietary brands, innovation in fulfillment options, and expansion in high-spending customer segments. Lowe’s will invest in advanced robotics, automation, and artificial intelligence to optimize store operations and enhance the customer experience. The company will also benefit from its omnichannel capabilities, including flexible delivery and pickup options.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $854.72 | $911.57 | $1595.45 |
Lowe’s Stock Price Forecast 2035
Our 2035 forecast for Lowe’s stock price is a range of $948.74 to $1,604.95, averaging $1,011.84. This implies an 11.0% annual return, supported by the company’s leadership position, economies of scale, merchandising excellence, and omnichannel capabilities. Lowe’s will leverage its strong brand, loyal customer base, and extensive store network to drive sales growth. This strategy aligns with other successful retailers’ long-term outlooks, as seen in the Costco stock prediction, where customer loyalty and efficient operations play key roles.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $948.74 | $1,011.84 | $1,604.95 |
Lowe’s Stock Price Forecast 2036
By 2036, we expect Lowe’s stock to trade between $1,081.57 and $1,759.64, with a mean target of $1,153.50. The robust 14.0% forecasted gain reflects Lowe’s strong competitive advantages, effective capital allocation, growth initiatives, and favorable demographic trends. The company will benefit from its investments in technology, such as augmented and virtual reality, predictive analytics, and voice-activated assistants. Lowe’s will also expand its service offerings, including home renovation, repair, and maintenance services.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $1,081.57 | $1,153.50 | $1,759.64 |
Lowe’s Stock Price Forecast 2037
For 2037, our projections show Lowe’s stock price appreciating 12.5% to a range of $1,216.76 to $1,817.10, averaging $1,297.69. Continued investments in technology, product assortment, service offerings, and the customer experience will drive this impressive growth. Lowe’s will leverage advanced robotics and automation to optimize inventory management, store operations, and fulfillment. The company will also benefit from strategic partnerships with manufacturers, suppliers, and technology providers to bring innovative products and services to market.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $1,216.76 | $1,297.69 | $1,817.10 |
Lowe’s Stock Price Forecast 2038
Looking ahead to 2038, we forecast Lowe’s shares will trade from $1,387.11 to $2,115.50, with an average price target of $1,479.37. This represents a 14.0% annual return, fueled by market share gains, operating efficiencies, cash flow generation, and shareholder-friendly actions. Lowe’s will continue to invest in its omnichannel capabilities, personalized marketing, and loyalty programs to drive customer engagement and retention. The company will also expand its international presence, particularly in high-growth markets.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $1,387.11 | $1,479.37 | $2,115.50 |
Lowe’s Stock Price Forecast 2039
By 2039, our analysis indicates Lowe’s stock price will range between $1,539.69 and $2,393.21, averaging $1,642.10. The 11.0% projected increase reflects the company’s strong brand, loyal customer base, differentiated offerings, and successful execution of long-term growth strategies. Lowe’s will leverage advanced data analytics, artificial intelligence, and machine learning to optimize pricing, promotions, and product assortment. The company will also benefit from its installed base of smart home products and services, as well as its expanding home services business.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $1,539.69 | $1,642.10 | $2,393.21 |
Lowe’s Stock Price Forecast 2040
For 2040, we estimate Lowe’s stock will advance 14.0% to trade between $1,754.24 and $2,544.25, with a mean target of $1,871.99. Gains will be driven by Lowe’s scale advantages, strategic initiatives, adaptation to changing customer needs, and disciplined financial management. The company will continue to invest in innovative store formats, experiential retail, and advanced technology to enhance the shopping experience. Lowe’s performance may also be influenced by broader economic factors and commodity prices, similar to trends explored in the Freeport-McMoRan stock forecast, as construction materials demand can impact both sectors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1,754.24 | $1,871.99 | $2,544.25 |
Lowe’s Stock Price Forecast 2050
Looking out to 2050, our long-term forecast shows Lowe’s stock reaching a price of $6,500. This impressive growth will be supported by Lowe’s leading market position, loyal customer base, innovative offerings, multi-channel capabilities, and effective capital allocation over the coming decades. Lowe’s will benefit from positive industry trends, demographic tailwinds, and continued investments in key growth initiatives. The company’s focus on adapting to evolving customer needs, leveraging advanced technology, and driving operational excellence will enable it to create significant shareholder value over the long term.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | 5,500 | $6,500.00 | $7,000 |
Conclusion
Our comprehensive analysis shows a highly optimistic outlook for Lowe’s stock over the coming decades. With a projected price of $6,500 by 2050, Lowe’s offers significant upside potential for patient investors. The company’s strong competitive position, scale advantages, differentiated offerings, and strategic growth initiatives provide a solid foundation for long-term value creation.
FAQs
1. What is the future of LOW share price?
According to the forecast, Lowe’s stock price is expected to experience significant growth over the coming years and decades. The projections show a steady upward trend:
- By 2030, the average price target is $562.64
- By 2035, the average price target is $1,011.84
- By 2040, the average price target reaches $1,871.99
- By 2050, the long-term forecast predicts a price of $6,500
These projections suggest a very optimistic outlook for Lowe’s stock price, with substantial growth anticipated over time.
2. Is LOW a good long-term stock?
Based on the provided forecast, LOW appears to be a promising long-term stock. The projections indicate consistent growth over a 26-year period, with the stock price expected to increase more than 23 times from 2024 to 2050. The forecast cites several factors supporting this growth, including:
- Market share gains
- Expansion into new services and markets
- E-commerce growth
- Margin improvements
- Investments in technology and digital capabilities
- Focus on the Pro customer segment
- Adapting to demographic trends and changing consumer preferences
These factors, combined with the projected steady price increases, suggest that LOW could be considered a good long-term stock for investors seeking growth.
3. What is the LOW 10 year outlook?
The 10-year outlook for LOW (from 2024 to 2034) appears very positive:
- 2024 average price target: $282.11
- 2034 average price target: $911.57
This represents a projected increase of about 223% over the 10-year period, with an average annual growth rate of approximately 12.4%. The forecast cites various drivers for this growth, including:
- Expansion of digital capabilities
- Growth in the professional contractor segment
- Investments in store remodels and new formats
- Enhanced product assortment and private label brands
- Improved customer service and loyalty programs
- Expansion of installation and repair services
4. Is LOW a buy, hold, or sell?
Given the consistently positive growth projections over the long term, LOW could be considered a “buy” for long-term investors. The projected average annual growth rates range from 11% to 14% for most years, which is quite attractive for long-term investors. The company is expected to capitalize on aging housing stock, home automation trends, and changing consumer preferences, which could drive sustained growth.
5. Who are the major competitors of LOW?
The major competitors of Lowe’s Companies, Inc. (NYSE: LOW) include:
- Costco Wholesale Corporation (NASDAQ: COST) – Competes in the home improvement space through its bulk offerings of home goods and appliances.
- The Home Depot, Inc. (NYSE: HD) – The largest home improvement retailer in the U.S., offering a wide range of building materials, tools, and services.
- Menards, Inc. – A privately-owned home improvement chain with stores across the Midwest, offering similar products to Lowe’s and Home Depot.
- Ace Hardware Corporation – A cooperative of independent hardware stores that competes with Lowe’s in the home improvement and hardware sector.
- True Value Company – Another cooperative of independent hardware retailers, focusing on hardware, tools, and home improvement products.
- Walmart Inc. (NYSE: WMT) – Competes indirectly with Lowe’s by offering a range of home improvement products at competitive prices.
- Amazon.com, Inc. (NASDAQ: AMZN) – An e-commerce giant that competes with Lowe’s by offering a wide array of home improvement products online.
- Wayfair Inc. (NYSE: W) – Specializes in home goods, including furniture and décor, which overlaps with some of Lowe’s product offerings.
- Best Buy Co., Inc. (NYSE: BBY) – Competes in the appliance and electronics categories, which are significant segments for Lowe’s.
- Tractor Supply Company (NASDAQ: TSCO) – Offers products for rural living and agriculture, competing with Lowe’s in certain market segments.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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