Home Depot (HD) Stock Forecast, Price Target & Predictions

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HD Stock Forecast

Home Depot stock forecast is as follows: an average price target of $389.62 (represents a -5.01% downside from HD’s last price of $410.19) 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 $389.62 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $465.00 to $250.00. This represents a potential -5.01% downside from HD's last price of $410.19.

HD Analyst Ratings

Buy

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%), 14 'Buy' (60.87%), 8 'Hold' (34.78%), 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
Nov 13, 2024	Greg Melich	Evercore ISI	$430.00	$348.64	23.34%	4.83%
Nov 13, 2024	Laura Champine	Loop Capital Markets	$465.00	$348.64	33.38%	13.36%
Nov 13, 2024	David Bellinger	Mizuho Securities	$440.00	$348.64	26.20%	7.27%
Nov 12, 2024	Scot Ciccarelli	Truist Financial	$465.00	$398.39	16.72%	13.36%
Nov 08, 2024	Joseph Feldman	Telsey Advisory	$455.00	$402.89	12.93%	10.92%
Oct 14, 2024	Scot Ciccarelli	Truist Financial	$455.00	$411.90	10.46%	10.92%
Oct 11, 2024	David Bellinger	Mizuho Securities	$435.00	$412.36	5.49%	6.05%
Oct 09, 2024	Laura Champine	Loop Capital Markets	$460.00	$412.89	11.41%	12.14%
Oct 02, 2024	John Pancari	Evercore ISI	$210.00	$408.93	-48.65%	-48.80%
Oct 02, 2024	Chuck Grom	Gordon Haskett Capital Corporation	$450.00	$408.93	10.04%	9.71%

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The latest Home Depot stock forecast, released on Nov 13, 2024 by Greg Melich from Evercore ISI, set a price target of $430.00, which represents a 23.34% increase from the stock price at the time of the forecast ($348.64), and a 4.83% increase from HD last price ($410.19).

Home Depot Price Target by Period

	1M	3M	12M
# Anlaysts	6	17	40
Avg Price Target	$451.67	$410.59	$394.50
Last Closing Price	$410.19	$410.19	$410.19
Upside/Downside	10.11%	0.10%	-3.83%

In the current month, the average price target of Home Depot stock is $451.67, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a 10.11% increase as opposed to Home Depot's last price of $410.19. This month's average price target is up 10.01% compared to last quarter, and up 14.49% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 21, 2024	Morgan Stanley	Overweight	Overweight	Hold
Oct 09, 2024	Raymond James	Market Perform	Outperform	Upgrade
Oct 09, 2024	Jefferies	Buy	Hold	Upgrade
Oct 09, 2024	Morgan Stanley	Overweight	Equal-Weight	Upgrade
Oct 09, 2024	Truist Financial	Underperform	Underperform	Hold
Oct 09, 2024	UBS	Buy	Buy	Hold
Oct 09, 2024	Loop Capital Markets	Hold	Buy	Upgrade
Oct 02, 2024	Keefe, Bruyette & Woods	-	Outperform	Upgrade
Sep 30, 2024	Piper Sandler	Overweight	Overweight	Hold
Sep 24, 2024	Oppenheimer	Perform	Perform	Hold

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Home Depot's last stock rating was published by Morgan Stanley on Oct 21, 2024. The company gave HD a "Overweight" 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	$39.16B	$42.88B	$47.12B	$41.06B	$38.14B	$40.89B	$45.26B	$39.14B	$38.72B	$39.31B	$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	$39.96B	$43.76B	$48.08B	$41.90B	$38.92B	$41.73B	$46.19B	$39.94B	$39.39B	$40.23B	$42.57B	$36.64B	$35.35B	$38.17B	$43.05B	$39.09B	$36.70B	$38.71B	$44.25B	$37.46B	$35.60B	$35.67B	$41.63B	$35.53B	$31.25B	$32.48B	$35.23B	$28.13B	$26.29B	$28.09B
Low Forecast	$37.68B	$41.26B	$45.34B	$39.51B	$36.70B	$39.35B	$43.55B	$37.66B	$38.25B	$38.96B	$42.57B	$36.62B	$33.33B	$36.88B	$40.60B	$36.87B	$34.61B	$36.03B	$41.19B	$34.87B	$33.13B	$33.20B	$38.75B	$33.08B	$29.09B	$30.24B	$32.80B	$26.18B	$24.47B	$26.15B
# Analysts	15	16	9	9	9	9	13	17	19	19	9	12	12	17	13	8	8	7	8	14	7	16	8	11	8	7	7	7	7	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 12 analysts is $36.63B, with a low forecast of $36.62B, and a high forecast of $36.64B. 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	15	16	9	9	9	9	13	17	19	19	9	12	12	17	13	8	8	7	8	14	7	16	8	11	8	7	7	7	7	6
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$4.88B	$6.28B	$7.42B	$6.38B	$5.55B	$6.90B	$7.96B	-	$5.58B	$6.52B	-	-	$4.76B	-	-	-	-	-
Avg Forecast	$6.50B	$7.12B	$7.82B	$6.82B	$6.33B	$6.79B	$7.51B	$6.50B	$6.43B	$6.53B	$7.07B	$6.68B	$5.75B	$6.24B	$7.00B	$6.08B	$6.08B	$6.30B	$7.20B	$5.52B	$5.79B	$5.80B	$6.77B	$4.70B	$5.08B	$5.28B	$5.73B	$4.58B	$4.28B	$4.57B
High Forecast	$6.63B	$7.26B	$7.98B	$6.96B	$6.46B	$6.93B	$7.67B	$6.63B	$6.54B	$6.68B	$7.07B	$8.02B	$5.87B	$6.34B	$7.15B	$7.29B	$7.29B	$6.43B	$7.35B	$6.63B	$5.91B	$5.92B	$6.91B	$5.65B	$5.19B	$5.39B	$5.85B	$4.67B	$4.36B	$4.66B
Low Forecast	$6.25B	$6.85B	$7.53B	$6.56B	$6.09B	$6.53B	$7.23B	$6.25B	$6.35B	$6.47B	$7.07B	$5.35B	$5.53B	$6.12B	$6.74B	$4.86B	$4.86B	$5.98B	$6.84B	$4.42B	$5.50B	$5.51B	$6.43B	$3.76B	$4.83B	$5.02B	$5.44B	$4.35B	$4.06B	$4.34B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.85%	1.01%	1.06%	1.05%	0.91%	1.09%	1.11%	-	0.96%	1.12%	-	-	0.94%	-	-	-	-	-

12 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	15	16	9	9	9	9	13	17	19	19	9	12	12	17	13	8	8	7	8	14	7	16	8	11	8	7	7	7	7	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	$3.35B	$4.36B	$5.20B	$4.01B	$3.05B	$3.95B	$4.80B	$3.64B	$2.99B	$3.62B	$4.49B	$4.02B	$2.75B	$3.72B	$4.42B	$3.65B	$3.85B	$4.09B	$4.91B	$3.32B	$3.16B	$3.39B	$4.41B	$2.82B	$2.61B	$3.03B	$3.65B	$2.26B	$2.09B	$2.50B
High Forecast	$3.44B	$4.48B	$5.33B	$4.11B	$3.13B	$4.05B	$4.93B	$3.74B	$3.08B	$3.83B	$4.49B	$4.82B	$2.82B	$3.95B	$4.54B	$4.38B	$4.62B	$4.19B	$5.04B	$3.98B	$3.24B	$3.48B	$4.53B	$3.39B	$2.68B	$3.11B	$3.75B	$2.32B	$2.15B	$2.57B
Low Forecast	$3.19B	$4.15B	$4.94B	$3.81B	$2.90B	$3.75B	$4.56B	$3.46B	$2.88B	$3.36B	$4.49B	$3.21B	$2.61B	$3.55B	$4.20B	$2.92B	$3.08B	$3.82B	$4.59B	$2.66B	$2.95B	$3.17B	$4.13B	$2.26B	$2.44B	$2.83B	$3.41B	$2.11B	$1.95B	$2.34B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.02%	1.02%	1.05%	1.06%	0.87%	1.06%	1.05%	-	1.06%	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	15	16	9	9	9	9	13	17	19	19	9	12	12	17	13	8	8	7	8	14	7	16	8	11	8	7	7	7	7	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	$6.84B	$7.49B	$8.23B	$7.17B	$6.66B	$7.14B	$7.91B	$6.84B	$6.76B	$6.87B	$7.44B	$7.71B	$6.05B	$6.57B	$7.37B	$7.01B	$5.75B	$6.63B	$7.57B	$6.37B	$6.09B	$6.11B	$7.13B	$6.12B	$5.35B	$5.56B	$6.03B	$4.81B	$4.50B	$4.81B
High Forecast	$6.98B	$7.64B	$8.40B	$7.32B	$6.80B	$7.29B	$8.07B	$6.98B	$6.88B	$7.03B	$7.44B	$9.25B	$6.17B	$6.67B	$7.52B	$8.41B	$6.90B	$6.76B	$7.73B	$7.64B	$6.22B	$6.23B	$7.27B	$7.34B	$5.46B	$5.67B	$6.15B	$4.91B	$4.59B	$4.91B
Low Forecast	$6.58B	$7.21B	$7.92B	$6.90B	$6.41B	$6.87B	$7.61B	$6.58B	$6.68B	$6.81B	$7.44B	$6.17B	$5.82B	$6.44B	$7.09B	$5.61B	$4.60B	$6.29B	$7.20B	$5.10B	$5.79B	$5.80B	$6.77B	$4.89B	$5.08B	$5.28B	$5.73B	$4.57B	$4.27B	$4.57B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.10%	1.01%	0.94%	0.91%	1.14%	0.98%	0.88%	-	1.06%	1.01%	-	-	1.16%	-	-	-	-	-

Home Depot's average Quarter SG&A projection for Apr 24 is $7.71B, based on 12 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	15	16	9	9	9	9	13	17	19	19	9	12	12	17	13	8	8	7	8	14	7	16	8	11	8	7	7	7	7	6
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$2.82	$3.83	$4.66	$3.83	$3.31	$4.25	$5.06	-	$3.23	$3.94	-	-	$2.66	-	-	-	-	-
Avg Forecast	$3.38	$4.40	$5.24	$4.04	$3.07	$3.98	$4.84	$3.67	$3.02	$3.65	$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	$3.47	$4.52	$5.38	$4.14	$3.16	$4.09	$4.97	$3.77	$3.11	$3.86	$4.53	$3.60	$2.84	$3.98	$4.57	$3.90	$3.37	$4.23	$5.08	$3.79	$3.27	$3.51	$4.57	$3.17	$2.70	$3.13	$3.78	$2.33	$2.16	$2.59
Low Forecast	$3.21	$4.18	$4.98	$3.84	$2.92	$3.79	$4.60	$3.49	$2.91	$3.39	$4.53	$3.60	$2.63	$3.58	$4.24	$3.62	$3.12	$3.85	$4.63	$3.45	$2.98	$3.19	$4.16	$2.88	$2.46	$2.85	$3.44	$2.13	$1.97	$2.36
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.02%	1.02%	1.05%	1.01%	1.01%	1.03%	1.02%	-	1.01%	1.15%	-	-	1.01%	-	-	-	-	-

According to 12 Wall Street analysts, Home Depot's projected average Quarter EPS for Apr 24 is $3.60, with a low estimate of $3.60 and a high estimate of $3.60. 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	$22.42	$42.00	87.33%	Buy
ARHS	Arhaus	$9.69	$14.13	45.82%	Buy
LL	LL Flooring	$0.84	$1.00	19.05%	Hold
FND	Floor & Decor	$102.40	$119.89	17.08%	Hold
LOW	Lowe's Companies	$272.32	$259.27	-4.79%	Buy
HD	Home Depot	$410.19	$389.62	-5.01%	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 14 'Buy' recommendations, accounting for 60.87% of HD's total ratings.

What is HD's price target?

Home Depot (HD) average price target is $389.62 with a range of $250 to $465, implying a -5.01% from its last price of $410.19. 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 -5.01% (from the last price of $410.19 to the average price target of $389.62), up by 13.36% based on the highest stock price target, and down by -39.05% based on the lowest stock price target.

Can Home Depot stock reach $600?

HD's average twelve months analyst stock price target of $389.62 does not support the claim that Home Depot can reach $600 in the near future.

What is Home Depot's current price target trend?

6 Wall Street analysts forecast a $451.67 price target for Home Depot (HD) this month, up 10.11% from its last price of $410.19. Compared to the last 3 and 12 months, the average price target increased by 0.10% and decreased by -3.83%, respectively.

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 $163.44B (high $166.77B, low $157.26B), average EBITDA is $27.13B (high $27.68B, low $26.1B), average net income is $15.44B (high $15.85B, low $14.68B), average SG&A $28.55B (high $29.13B, low $27.47B), and average EPS is $15.56 (high $15.98, low $14.8). HD's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $170.22B (high $173.69B, low $163.79B), average EBITDA is $28.26B (high $28.83B, low $27.19B), average net income is $16.92B (high $17.36B, low $16.08B), average SG&A $29.74B (high $30.34B, low $28.61B), and average EPS is $17.05 (high $17.5, low $16.21).

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%