Home Depot (HD) Stock Forecast & Price Target

$392.60 +7.58 (+1.97%)

(As of 12/20/2024 05:45 PM ET)

Home Depot - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 30 Analyst Ratings

Sell
1

Hold
6

Buy
23

Based on 30 Wall Street analysts who have issued ratings for Home Depot in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 30 analysts, 1 has given a sell rating, 6 have given a hold rating, and 23 have given a buy rating for HD.

Consensus Price Target

$426.00
8.51% Upside

According to the 30 analysts' twelve-month price targets for Home Depot, the average price target is $426.00. The highest price target for HD is $466.00, while the lowest price target for HD is $318.00. The average price target represents a forecasted upside of 8.51% from the current price of $392.60.

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HD Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	23 Buy rating(s)	23 Buy rating(s)	19 Buy rating(s)	15 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	11 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$426.00	$426.00	$389.04	$343.00
Forecasted Upside	8.51% Upside	3.86% Upside	-0.21% Downside	-1.65% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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HD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Home Depot Stock vs. The Competition

Type	Home Depot	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.73	2.50	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.51% Upside	28.31% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent HD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$459.00 ➝ $465.00	+13.51%
11/13/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$420.00 ➝ $430.00	+4.75%
11/13/2024	Bank of America 3 of 5 stars		Boost Target	Buy ➝ Buy	$425.00 ➝ $450.00	+11.62%
11/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$435.00 ➝ $440.00	+9.14%
11/11/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$363.00 ➝ $413.00	+0.57%
11/11/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$375.00 ➝ $400.00	-2.71%
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11/8/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Feldman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$360.00 ➝ $455.00	+13.92%
11/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$400.00 ➝ $430.00	+10.61%
11/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$372.00 ➝ $420.00	+6.18%
10/28/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$440.00 ➝ $460.00	+14.93%
10/25/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$430.00 ➝ $466.00	+16.35%
10/22/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Z. Ma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$451.00	+10.94%
10/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$380.00 ➝ $450.00	+10.88%
10/9/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Champine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$360.00 ➝ $460.00	+11.05%
10/4/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$390.00 ➝ $450.00	+10.45%
10/2/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Grom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Accumulate ➝ Buy	$450.00	+9.97%
9/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$387.00 ➝ $455.00	+13.82%
9/24/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$345.00 ➝ $400.00	+2.05%
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$420.00	+7.42%
8/15/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Tamada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/14/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$400.00 ➝ $425.00	+21.40%
8/5/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$377.00 ➝ $400.00	+12.54%
7/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$426.00	+15.41%
5/15/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Reduce ➝ Reduce	$323.00 ➝ $318.00	-8.98%
5/15/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
5/10/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Basham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$410.00	+18.06%
5/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$415.00 ➝ $395.00	+15.86%
4/2/2024	Zelman & Associates Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
2/14/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Average ➝ Outperform	$370.00	+3.38%
2/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$347.00 ➝ $393.00	+9.68%
7/26/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$400.00 ➝ $350.00	+6.44%
5/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$320.00 ➝ $310.00	+9.80%
2/22/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$312.00 ➝ $292.00	-2.00%
2/22/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$379.00 ➝ $360.00	+21.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:52 AM ET.

Should I Buy Home Depot Stock? HD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 15, 2024. Please send any questions or comments about these Home Depot pros and cons to contact@marketbeat.com.

Home Depot
Bull Case

Here are some ways that investors could benefit from investing in Home Depot:

Home Depot has received multiple upgrades from analysts, with target prices raised significantly, indicating strong future growth potential. For instance, Telsey Advisory Group increased their target price from $360.00 to $455.00, reflecting confidence in the company's performance.
The stock is currently trading at $416.98, which is near its 12-month high of $439.37, suggesting strong market demand and investor interest.
Institutional investors and hedge funds own 70.86% of Home Depot's stock, which often indicates a strong level of confidence in the company's stability and growth prospects.
Recent insider activity shows executives selling shares at high prices, which can be interpreted as a sign of confidence in the company's valuation and future performance.
Home Depot's diverse product offerings and strong market position in the home improvement sector provide a solid foundation for continued revenue growth, especially as home renovation trends remain strong.

Home Depot
Bear Case

Investors should be bearish about investing in Home Depot for these reasons:

The company's high debt-to-equity ratio of 8.65 may raise concerns about financial stability, as it indicates that Home Depot relies heavily on debt to finance its operations.
Recent stock price fluctuations, including a drop of $6.96 in one trading session, could signal volatility and uncertainty in the market, which may deter risk-averse investors.
Insider selling activity, while sometimes a sign of confidence, can also raise red flags for investors, as it may indicate that executives believe the stock is at or near its peak value.
With a current ratio of 1.13, Home Depot's ability to cover short-term liabilities is only slightly above the minimum threshold, which could be a concern for investors focused on liquidity.
Analysts have mixed ratings, with one sell rating among the majority of buy and hold ratings, suggesting that not all market experts are confident in the stock's future performance.

HD Forecast - Frequently Asked Questions

: According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Home Depot is $426.00, with a high forecast of $466.00 and a low forecast of $318.00.
: 30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There is currently 1 sell rating, 6 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HD shares.
: According to analysts, Home Depot's stock has a predicted upside of 8.51% based on their 12-month stock forecasts.
: Over the previous 90 days, Home Depot's stock had 3 upgrades by analysts.
: Home Depot has been rated by research analysts at Bank of America, Barclays, DA Davidson, Evercore ISI, Gordon Haskett, Guggenheim, Loop Capital, Melius Research, Mizuho, Morgan Stanley, Oppenheimer, Piper Sandler, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Home Depot more than other "retail/wholesale" companies. The consensus rating for Home Depot is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how HD compares to other companies.

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This page (NYSE:HD) was last updated on 12/21/2024 by MarketBeat.com Staff

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Home Depot (HD) Stock Forecast & Price Target