Home Depot (HD) Stock Forecast, Price Target & Predictions
HD Stock Forecast
Home Depot stock forecast is as follows: an average price target of $371.55 (represents a -2.22% downside from HD’s last price of $379.99) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
HD Price Target
The average price target for Home Depot (HD) is $371.55 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $450.00 to $250.00. This represents a potential -2.22% downside from HD's last price of $379.99.
HD Analyst Ratings
According to 23 Wall Street analysts, Home Depot's rating consensus is 'Buy'. The analyst rating breakdown for HD stock is 0 'Strong Buy' (0.00%), 12 'Buy' (52.17%), 10 'Hold' (43.48%), 1 'Sell' (4.35%), and 0 'Strong Sell' (0.00%).
Home Depot Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 14, 2024 | Steven Shemesh | RBC Capital | $363.00 | $355.66 | 2.06% | -4.47% |
| Aug 14, 2024 | Jonathan Matuszewski | Jefferies | $407.00 | $350.07 | 16.26% | 7.11% |
| Aug 14, 2024 | Michael Lasser | UBS | $425.00 | $350.07 | 21.40% | 11.85% |
| Aug 14, 2024 | Laura Champine | Loop Capital Markets | $330.00 | $355.66 | -7.21% | -13.16% |
| Aug 14, 2024 | Andrew Carter | Stifel Nicolaus | $375.00 | $350.07 | 7.12% | -1.31% |
| Aug 01, 2024 | Scot Ciccarelli | Truist Financial | $396.00 | $360.83 | 9.75% | 4.21% |
| Jul 16, 2024 | Jonathan Matuszewski | Jefferies | $426.00 | $369.06 | 15.43% | 12.11% |
| Jul 15, 2024 | Andrew Carter | Stifel Nicolaus | $380.00 | $359.77 | 5.62% | 0.00% |
| Jun 26, 2024 | Michael Baker | D.A. Davidson | $395.00 | $341.82 | 15.56% | 3.95% |
| May 22, 2024 | Steven Shemesh | RBC Capital | $246.00 | $331.25 | -25.73% | -35.26% |
The latest Home Depot stock forecast, released on Aug 14, 2024 by Steven Shemesh from RBC Capital, set a price target of $363.00, which represents a 2.06% increase from the stock price at the time of the forecast ($355.66), and a -4.47% decrease from HD last price ($379.99).
Home Depot Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 9 | 31 |
| Avg Price Target | - | $388.56 | $376.87 |
| Last Closing Price | $379.99 | $379.99 | $379.99 |
| Upside/Downside | -100.00% | 2.26% | -0.82% |
In the current month, the average price target of Home Depot stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Home Depot's last price of $379.99. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 03, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Sep 03, 2024 | UBS | Sector Perform | Sector Perform | Hold |
| Aug 14, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Aug 14, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Aug 14, 2024 | KeyBanc | Sector Weight | Sector Weight | Hold |
| Aug 14, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Aug 14, 2024 | Jefferies | Buy | Buy | Hold |
| Aug 14, 2024 | UBS | Buy | Buy | Hold |
| Aug 14, 2024 | Loop Capital Markets | Hold | Hold | Hold |
| Aug 13, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Home Depot's last stock rating was published by Truist Financial on Sep 03, 2024. The company gave HD a "Underperform" rating, the same as its previous rate.
Home Depot Financial Forecast
Home Depot Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $34.79B | $37.71B | $42.92B | $37.26B | $35.83B | $38.87B | $43.79B | - | $35.72B | $36.82B | - | - | $32.26B | - | - | - | - | - |
| Avg Forecast | $39.07B | $42.34B | $46.93B | $39.95B | $37.83B | $40.40B | $45.53B | $39.39B | $38.72B | $39.25B | $42.57B | $36.63B | $34.64B | $37.59B | $42.19B | $38.31B | $35.97B | $37.95B | $43.36B | $36.71B | $34.88B | $34.95B | $40.80B | $34.82B | $30.63B | $31.83B | $34.53B | $27.56B | $25.76B | $27.53B |
| High Forecast | $39.72B | $43.05B | $47.72B | $40.61B | $38.46B | $41.07B | $46.30B | $40.05B | $39.39B | $39.55B | $43.28B | $37.24B | $35.22B | $38.17B | $42.90B | $38.95B | $36.57B | $38.59B | $43.96B | $37.20B | $35.30B | $35.37B | $41.29B | $35.24B | $31.00B | $32.22B | $34.94B | $27.89B | $26.07B | $27.86B |
| Low Forecast | $37.68B | $40.83B | $45.26B | $38.52B | $36.48B | $38.96B | $43.91B | $37.98B | $38.48B | $38.99B | $41.05B | $35.32B | $33.41B | $36.88B | $40.69B | $36.95B | $34.69B | $36.60B | $42.61B | $36.18B | $34.35B | $34.42B | $40.18B | $34.29B | $30.16B | $31.35B | $34.00B | $27.14B | $25.37B | $27.11B |
| # Analysts | 8 | 8 | 8 | 14 | 8 | 14 | 7 | 9 | 17 | 17 | 8 | 8 | 12 | 17 | 13 | 8 | 8 | 7 | 8 | 14 | 7 | 16 | 8 | 11 | 6 | 11 | 11 | 11 | 11 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 1.02% | 0.97% | 1.00% | 1.02% | 1.01% | - | 1.02% | 1.05% | - | - | 1.05% | - | - | - | - | - |
Home Depot's average Quarter revenue forecast for Apr 24 based on 8 analysts is $36.63B, with a low forecast of $35.32B, and a high forecast of $37.24B. HD's average Quarter revenue forecast represents a 5.29% increase compared to the company's last Quarter revenue of $34.79B (Jan 24).
Home Depot EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 14 | 8 | 14 | 7 | 9 | 17 | 17 | 8 | 8 | 12 | 17 | 13 | 8 | 8 | 7 | 8 | 14 | 7 | 16 | 8 | 11 | 6 | 11 | 11 | 11 | 11 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $4.88B | $6.28B | $7.42B | $6.38B | $5.55B | $6.90B | $7.96B | - | $5.58B | $6.52B | - | - | $4.76B | - | - | - | - | - |
| Avg Forecast | $6.49B | $7.03B | $7.79B | $6.63B | $6.28B | $6.71B | $7.56B | $6.54B | $6.43B | $6.51B | $7.07B | $6.68B | $5.75B | $6.24B | $7.00B | $6.08B | $5.97B | $5.56B | $7.20B | $6.09B | $5.53B | $5.80B | $6.77B | $4.70B | $5.08B | $5.28B | $5.73B | $4.58B | $4.28B | $4.57B |
| High Forecast | $6.59B | $7.15B | $7.92B | $6.74B | $6.38B | $6.82B | $7.68B | $6.65B | $6.54B | $6.56B | $7.18B | $8.02B | $5.85B | $6.34B | $7.12B | $7.29B | $6.07B | $6.67B | $7.30B | $6.17B | $6.63B | $5.87B | $6.85B | $5.65B | $5.15B | $5.35B | $5.80B | $4.63B | $4.33B | $4.62B |
| Low Forecast | $6.25B | $6.78B | $7.51B | $6.39B | $6.06B | $6.47B | $7.29B | $6.30B | $6.39B | $6.47B | $6.81B | $5.35B | $5.55B | $6.12B | $6.75B | $4.86B | $5.76B | $4.45B | $7.07B | $6.01B | $4.42B | $5.71B | $6.67B | $3.76B | $5.01B | $5.20B | $5.64B | $4.51B | $4.21B | $4.50B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 1.01% | 1.06% | 1.05% | 0.93% | 1.24% | 1.11% | - | 1.01% | 1.12% | - | - | 0.94% | - | - | - | - | - |
8 analysts predict HD's average Quarter EBITDA for Apr 24 to be $6.68B, with a high of $8.02B and a low of $5.35B. This is 36.87% upper than Home Depot's previous annual EBITDA (Jan 24) of $4.88B.
Home Depot Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 14 | 8 | 14 | 7 | 9 | 17 | 17 | 8 | 8 | 12 | 17 | 13 | 8 | 8 | 7 | 8 | 14 | 7 | 16 | 8 | 11 | 6 | 11 | 11 | 11 | 11 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $2.80B | $3.81B | $4.66B | $3.87B | $3.36B | $4.34B | $5.17B | - | $3.35B | $4.13B | - | - | $2.86B | - | - | - | - | - |
| Avg Forecast | $3.18B | $4.01B | $5.09B | $3.72B | $3.04B | $3.88B | $4.83B | $3.69B | $3.00B | $3.62B | $4.49B | $4.02B | $2.75B | $3.72B | $4.42B | $3.65B | $3.26B | $3.57B | $4.91B | $3.66B | $3.50B | $3.40B | $4.42B | $2.82B | $2.62B | $3.03B | $3.66B | $2.26B | $2.09B | $2.51B |
| High Forecast | $3.25B | $4.09B | $5.20B | $3.80B | $3.11B | $3.97B | $4.94B | $3.77B | $3.17B | $3.80B | $4.59B | $4.82B | $2.81B | $3.95B | $4.51B | $4.38B | $3.33B | $4.29B | $5.00B | $3.73B | $4.20B | $3.45B | $4.49B | $3.39B | $2.66B | $3.08B | $3.72B | $2.30B | $2.13B | $2.55B |
| Low Forecast | $3.04B | $3.82B | $4.85B | $3.55B | $2.90B | $3.70B | $4.61B | $3.51B | $2.91B | $3.36B | $4.28B | $3.21B | $2.62B | $3.55B | $4.21B | $2.92B | $3.10B | $2.86B | $4.80B | $3.60B | $2.80B | $3.33B | $4.34B | $2.26B | $2.57B | $2.97B | $3.59B | $2.22B | $2.05B | $2.46B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.02% | 1.05% | 1.06% | 1.03% | 1.21% | 1.05% | - | 0.96% | 1.22% | - | - | 1.09% | - | - | - | - | - |
Home Depot's average Quarter net income forecast for Apr 24 is $4.02B, with a range of $3.21B to $4.82B. HD's average Quarter net income forecast represents a 43.44% increase compared to the company's last Quarter net income of $2.80B (Jan 24).
Home Depot SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 14 | 8 | 14 | 7 | 9 | 17 | 17 | 8 | 8 | 12 | 17 | 13 | 8 | 8 | 7 | 8 | 14 | 7 | 16 | 8 | 11 | 6 | 11 | 11 | 11 | 11 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $6.68B | $6.65B | $6.92B | $6.36B | $6.55B | $6.47B | $6.66B | - | $6.43B | $6.17B | - | - | $6.19B | - | - | - | - | - |
| Avg Forecast | $6.82B | $7.40B | $8.20B | $6.98B | $6.61B | $7.06B | $7.95B | $6.88B | $6.76B | $6.86B | $7.44B | $7.71B | $6.05B | $6.57B | $7.37B | $7.01B | $6.28B | $5.10B | $7.57B | $6.41B | $5.22B | $6.11B | $7.13B | $6.12B | $5.35B | $5.56B | $6.03B | $4.81B | $4.50B | $4.81B |
| High Forecast | $6.94B | $7.52B | $8.34B | $7.09B | $6.72B | $7.17B | $8.09B | $7.00B | $6.88B | $6.91B | $7.56B | $9.25B | $6.15B | $6.67B | $7.49B | $8.41B | $6.39B | $6.12B | $7.68B | $6.50B | $6.27B | $6.18B | $7.21B | $7.34B | $5.41B | $5.63B | $6.10B | $4.87B | $4.55B | $4.87B |
| Low Forecast | $6.58B | $7.13B | $7.91B | $6.73B | $6.37B | $6.80B | $7.67B | $6.64B | $6.72B | $6.81B | $7.17B | $6.17B | $5.84B | $6.44B | $7.11B | $5.61B | $6.06B | $4.08B | $7.44B | $6.32B | $4.18B | $6.01B | $7.02B | $4.89B | $5.27B | $5.48B | $5.94B | $4.74B | $4.43B | $4.74B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.01% | 0.94% | 0.91% | 1.04% | 1.27% | 0.88% | - | 1.23% | 1.01% | - | - | 1.16% | - | - | - | - | - |
Home Depot's average Quarter SG&A projection for Apr 24 is $7.71B, based on 8 Wall Street analysts, with a range of $6.17B to $9.25B. The forecast indicates a 15.41% rise compared to HD last annual SG&A of $6.68B (Jan 24).
Home Depot EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 14 | 8 | 14 | 7 | 9 | 17 | 17 | 8 | 8 | 12 | 17 | 13 | 8 | 8 | 7 | 8 | 14 | 7 | 16 | 8 | 11 | 6 | 11 | 11 | 11 | 11 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $2.82 | $3.83 | $4.66 | $3.83 | $3.31 | $4.25 | $5.06 | - | $3.23 | $3.94 | - | - | $2.66 | - | - | - | - | - |
| Avg Forecast | $3.21 | $4.04 | $5.13 | $3.75 | $3.06 | $3.91 | $4.87 | $3.72 | $3.03 | $3.64 | $4.53 | $3.60 | $2.77 | $3.75 | $4.45 | $3.80 | $3.28 | $4.12 | $4.95 | $3.69 | $3.18 | $3.42 | $4.45 | $3.08 | $2.63 | $3.05 | $3.68 | $2.27 | $2.11 | $2.52 |
| High Forecast | $3.28 | $4.13 | $5.24 | $3.83 | $3.13 | $4.00 | $4.98 | $3.80 | $3.19 | $3.83 | $4.63 | $3.68 | $2.83 | $3.98 | $4.55 | $3.88 | $3.35 | $4.21 | $5.04 | $3.75 | $3.23 | $3.47 | $4.52 | $3.13 | $2.68 | $3.10 | $3.74 | $2.31 | $2.14 | $2.56 |
| Low Forecast | $3.06 | $3.85 | $4.89 | $3.58 | $2.92 | $3.73 | $4.65 | $3.54 | $2.94 | $3.38 | $4.32 | $3.43 | $2.64 | $3.58 | $4.25 | $3.63 | $3.13 | $3.93 | $4.84 | $3.62 | $3.12 | $3.35 | $4.36 | $3.02 | $2.58 | $2.99 | $3.61 | $2.23 | $2.07 | $2.48 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.02% | 1.05% | 1.01% | 1.01% | 1.03% | 1.02% | - | 1.01% | 1.15% | - | - | 1.01% | - | - | - | - | - |
According to 8 Wall Street analysts, Home Depot's projected average Quarter EPS for Apr 24 is $3.60, with a low estimate of $3.43 and a high estimate of $3.68. This represents a 27.71% increase compared to HD previous annual EPS of $2.82 (Jan 24).
Home Depot Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HVT | Haverty Furniture Companies | $27.05 | $42.00 | 55.27% | Buy |
| ARHS | Arhaus | $12.45 | $15.00 | 20.48% | Buy |
| LL | LL Flooring | $0.84 | $1.00 | 19.05% | Hold |
| FND | Floor & Decor | $113.92 | $120.59 | 5.85% | Hold |
| LOW | Lowe's Companies | $255.41 | $253.12 | -0.90% | Buy |
| HD | Home Depot | $379.99 | $371.55 | -2.22% | Buy |
HD Forecast FAQ
Is Home Depot a good buy?
Yes, according to 23 Wall Street analysts, Home Depot (HD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 52.17% of HD's total ratings.
What is HD's price target?
Home Depot (HD) average price target is $371.55 with a range of $250 to $450, implying a -2.22% from its last price of $379.99. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Home Depot stock go up soon?
According to Wall Street analysts' prediction for HD stock, the company can go down by -2.22% (from the last price of $379.99 to the average price target of $371.55), up by 18.42% based on the highest stock price target, and down by -34.21% based on the lowest stock price target.
Can Home Depot stock reach $600?
HD's average twelve months analyst stock price target of $371.55 does not support the claim that Home Depot can reach $600 in the near future.
What are Home Depot's analysts' financial forecasts?
Home Depot's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $163.15B (high $165.88B, low $157.33B), average EBITDA is $27.08B (high $27.53B, low $26.12B), average net income is $15.44B (high $15.78B, low $14.72B), average SG&A $28.5B (high $28.98B, low $27.48B), and average EPS is $15.56 (high $15.9, low $14.84). HD's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $168.29B (high $171.11B, low $162.29B), average EBITDA is $27.94B (high $28.4B, low $26.94B), average net income is $16B (high $16.35B, low $15.26B), average SG&A $29.4B (high $29.89B, low $28.35B), and average EPS is $16.13 (high $16.48, low $15.38).
Did the HD's actual financial results beat the analysts' financial forecasts?
Based on Home Depot's last annual report (Jan 2024), the company's revenue was $152.67B, which missed the average analysts forecast of $152.74B by -0.05%. Apple's EBITDA was $24.36B, missing the average prediction of $25.07B by -2.83%. The company's net income was $15.14B, beating the average estimation of $14.54B by 4.13%. Apple's SG&A was $26.6B, missing the average forecast of $27B by -1.47%. Lastly, the company's EPS was $15.11, beating the average prediction of $14.78 by 2.23%. In terms of the last quarterly report (Jan 2024), Home Depot's revenue was $34.79B, beating the average analysts' forecast of $34.64B by 0.41%. The company's EBITDA was $4.88B, missing the average prediction of $5.75B by -15.07%. Home Depot's net income was $2.8B, beating the average estimation of $2.75B by 1.99%. The company's SG&A was $6.68B, beating the average forecast of $6.05B by 10.37%. Lastly, the company's EPS was $2.82, beating the average prediction of $2.77 by 1.86%