Could Lowe's Stock Hit $300 in 2023?
Despite falling 23% in 2022, home improvement retailer Lowe's Companies (NYSE: LOW) has seen its stock climb 448% over the past decade, an outstanding return that doesn't include the company's generous dividends. Right now, Lowe's stock carries a price-to-earnings (P/E) ratio of 20, which is below its trailing-five-year valuation.