Home Depot (HD) Stock Forecast & Price Target

$362.81 -0.96 (-0.26%)

As of 10:55 AM Eastern

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 31 Analyst Ratings

Sell
0

Hold
8

Buy
23

Based on 31 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 31 analysts, 8 have given a hold rating, 22 have given a buy rating, and 1 has given a strong buy rating for HD.

Consensus Price Target

$435.85
20.13% Upside

According to the 31 analysts' twelve-month price targets for Home Depot, the average price target is $435.85. The highest price target for HD is $475.00, while the lowest price target for HD is $395.00. The average price target represents a forecasted upside of 20.13% from the current price of $362.81.

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HD Analyst Ratings Over Time

Type	Current Forecast 3/25/24 to 3/25/25	1 Month Ago 2/24/24 to 2/23/25	3 Months Ago 12/26/23 to 12/25/24	1 Year Ago 3/26/23 to 3/25/24
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	22 Buy rating(s)	21 Buy rating(s)	23 Buy rating(s)	16 Buy rating(s)
Hold	8 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$435.85	$433.44	$426.00	$366.76
Forecasted Upside	20.13% Upside	12.64% Upside	7.54% Upside	-4.37% 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	2.77	2.54	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	19.75% Upside	49.40% Upside	16.93% Upside
News Sentiment Rating	Positive News See Recent HD News	Positive News	Positive News

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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
3/24/2025	Piper Sandler 2 of 5 stars	Peter Keith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$435.00 ➝ $418.00	+18.71%
3/3/2025	KGI Securities 1 of 5 stars	J. Liang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
2/26/2025	Hsbc Global Res 0 of 5 stars	D. Bretthauer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Sell ➝ Hold
2/26/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Peter Benedict Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$440.00 ➝ $430.00	+9.72%
2/26/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Shemesh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$431.00 ➝ $424.00	+7.12%
2/26/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Forbes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$450.00 ➝ $450.00	+13.26%
2/26/2025	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Seth Basham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$440.00 ➝ $440.00	+10.89%
2/26/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Scot Ciccarelli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$467.00 ➝ $437.00	+11.05%
2/26/2025	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	Reiterated Rating	Outperform ➝ Outperform	$455.00 ➝ $455.00	+15.62%
2/26/2025	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$356.00 ➝ $410.00	+4.19%
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2/13/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Zachary Fadem Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$440.00 ➝ $450.00	+10.01%
2/10/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Christopher Horvers Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$450.00 ➝ $475.00	+16.60%
11/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$420.00 ➝ $430.00	+4.75%
11/13/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		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	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$375.00 ➝ $400.00	-2.71%
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%
10/2/2024	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%
9/24/2024	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%
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	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
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
2/13/2024	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:55 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 Saturday, March 22, 2025. 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 recently reported earnings of $3.13 per share, exceeding analysts' expectations of $3.04, indicating strong financial performance and effective management.
The company has a robust revenue of $39.70 billion for the latest quarter, which is a 14.1% increase compared to the same quarter last year, showcasing growth potential.
Home Depot has a current stock price of $352.12, which may present a buying opportunity given the average target price of $436.50 set by analysts, suggesting potential upside.
The firm has increased its quarterly dividend to $2.30 per share, reflecting a commitment to returning value to shareholders, with an annualized yield of 2.61%.
Analysts have rated Home Depot with a "Moderate Buy" average rating, with 22 buy ratings and only 1 strong buy, indicating overall positive sentiment in the market.

Home Depot
Bear Case

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

The stock has experienced volatility, with a recent trading volume of 8,175,545 shares, significantly higher than its average volume, which may indicate uncertainty among investors.
Home Depot's price-to-earnings (P/E) ratio stands at 23.92, which is relatively high, suggesting that the stock may be overvalued compared to its earnings.
The company has a high debt-to-equity ratio of 8.65, indicating that it relies heavily on debt financing, which could pose risks in a rising interest rate environment.
Recent price objectives set by analysts have been lowered, with some estimates dropping to as low as $410.00, which may reflect concerns about future performance.
Despite strong earnings, the stock has not reached its one-year high of $439.37, which may indicate a lack of investor confidence in sustaining growth at current levels.

HD Forecast - Frequently Asked Questions

: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Home Depot is $435.85, with a high forecast of $475.00 and a low forecast of $395.00.
: 31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There are currently 8 hold ratings, 22 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HD shares.
: According to analysts, Home Depot's stock has a predicted upside of 20.13% 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 Guggenheim, Hsbc Global Res, HSBC, JPMorgan Chase & Co., KGI Securities, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Telsey Advisory Group, Truist Financial, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Home Depot more than other "retail/wholesale" companies. The consensus rating score for Home Depot is 2.77 while the average consensus rating score for "retail/wholesale" companies is 2.54. Learn more on how HD compares to other companies.

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This page (NYSE:HD) was last updated on 3/25/2025 by MarketBeat.com Staff

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Home Depot (HD) Stock Forecast & Price Target