Home Depot (HD) Stock Forecast & Price Target

$348.35

+0.01 (+0.00%)

(As of 10:39 AM ET)

Home Depot - Analysts' Recommendations and Stock Price Forecast (2024)

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 27 Analyst Ratings

Based on 27 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 27 analysts, 1 has given a sell rating, 7 have given a hold rating, and 19 have given a buy rating for HD.

Consensus Price Target

$384.00
10.23% Upside

High Forecast	$426.00
Average Forecast	$384.00
Low Forecast	$315.00

According to the 27 analysts' twelve-month price targets for Home Depot, the average price target is $384.00. The highest price target for HD is $426.00, while the lowest price target for HD is $315.00. The average price target represents a forecasted upside of 10.23% from the current price of $348.35.

Type	Current Forecast 8/10/23 to 8/9/24	1 Month Ago 7/11/23 to 7/10/24	3 Months Ago 5/12/23 to 5/11/24	1 Year Ago 8/10/22 to 8/10/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 Buy rating(s)	20 Buy rating(s)	18 Buy rating(s)	13 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	12 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$384.00	$378.42	$375.19	$325.66
Forecasted Upside	10.23% Upside	9.50% Upside	8.01% Upside	7.91% Upside

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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	2.67	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	11.04% Upside	143.36% Upside	12.77% Upside
News Sentiment Rating	Neutral News	Neutral 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
8/7/2024	Telsey Advisory Group 2 of 5 stars		Reiterated Rating	Market Perform ➝ Market Perform	$360.00 ➝ $360.00	+1.77%
8/5/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$377.00 ➝ $400.00	+12.54%
8/1/2024	Truist Financial 1 of 5 stars		Lower Target	Buy ➝ Buy	$406.00 ➝ $396.00	+7.68%
7/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$426.00	+15.41%
7/15/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$374.00 ➝ $380.00	+6.63%
6/26/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$352.00 ➝ $395.00	+16.75%
Get the Latest News and Ratings for HD and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Home Depot and its competitors with MarketBeat's FREE daily newsletter.
5/15/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$440.00 ➝ $420.00	+20.21%
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
5/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$411.00 ➝ $400.00	+15.86%
5/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$415.00 ➝ $420.00	+24.07%
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%
5/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$425.00 ➝ $400.00	+16.04%
5/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$415.00 ➝ $395.00	+15.86%
4/5/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$390.00	+9.33%
4/2/2024	Zelman & Associates Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
4/1/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$400.00 ➝ $425.00	+10.79%
3/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$415.00	+11.59%
2/26/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$299.00 ➝ $377.00	+0.99%
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%
1/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
1/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$311.00 ➝ $400.00	+12.45%
1/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$325.00 ➝ $372.00	+10.01%
11/15/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$350.00 ➝ $335.00	+9.42%
8/16/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$300.00 ➝ $315.00	-5.11%
8/16/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$314.00 ➝ $328.00	-1.19%
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%
11/9/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Bellinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$330.00 ➝ $312.00	+6.89%
10/19/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chris Bottiglieri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$286.00	+2.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:55 AM ET.

HD Forecast - Frequently Asked Questions

What is Home Depot's forecast for 2024?: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Home Depot is $384.00, with a high forecast of $426.00 and a low forecast of $315.00.
Should I buy or sell Home Depot stock right now?: 27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HD shares.
Does Home Depot's stock price have much upside?: According to analysts, Home Depot's stock has a predicted upside of 9.71% based on their 12-month stock forecasts.
Has Home Depot been upgraded by Wall Street analysts recently?: Over the previous 90 days, Home Depot's stock had 1 upgrade by analysts.
What analysts cover Home Depot?: Home Depot has been rated by research analysts at DA Davidson, Evercore ISI, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Raymond James, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, Truist Financial, and UBS Group in the past 90 days.
Do Wall Street analysts like Home Depot more than its competitors?: 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.