The Home Depot, Inc. (HD)
NYSE: HD · Real-Time Price · USD
395.07
-7.82 (-1.94%)
Oct 29, 2024, 4:00 PM EDT - Market closed

The Home Depot Stock Forecast

Stock Price Forecast

The 27 analysts with 12-month price forecasts for The Home Depot stock have an average target of 411.26, with a low estimate of 318 and a high estimate of 466. The average target predicts an increase of 4.10% from the current stock price of 395.07.

Analyst Consensus: Buy
Target Low Average Median High
Price $318 $411.26 $410 $466
Change -19.51% +4.10% +3.78% +17.95%

Analyst Ratings

The average analyst rating for The Home Depot stock from 28 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 101111101012
Buy 888888
Hold 978877
Sell 111111
Strong Sell 000000
Total 282728272628

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
TD Cowen
TD Cowen
Strong Buy
Maintains
$440$460
Strong Buy Maintains $440$460 +16.44% Oct 28, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$430$466
Strong Buy Maintains $430$466 +17.95% Oct 25, 2024
Bernstein
Bernstein
Hold
Initiates
$451
Hold Initiates $451 +14.16% Oct 22, 2024
Morgan Stanley
Morgan Stanley
Buy
Maintains
$380$450
Buy Maintains $380$450 +13.90% Oct 21, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$395$455
Strong Buy Maintains $395$455 +15.17% Oct 14, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
161.94B
from 152.67B
Increased by 6.07%
Revenue Next Year
168.31B
from 161.94B
Increased by 3.93%
EPS This Year
15.26
from 15.11
Increased by 1.02%
EPS Next Year
16.05
from 15.26
Increased by 5.11%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Feb 2, 2020 Jan 31, 2021 Jan 30, 2022 Jan 29, 2023 Jan 28, 2024 Jan 28, 2025 Jan 28, 2026 Jan 28, 2027
Revenue
110.23B132.11B151.16B157.40B152.67B161.94B168.31B175.42B
Revenue Growth
1.87%19.85%14.42%4.13%-3.01%6.07%3.93%4.23%
EPS
10.2511.9415.5316.6915.1115.2616.0517.44
EPS Growth
5.34%16.49%30.07%7.47%-9.47%1.02%5.11%8.67%
Forward PE
-----25.8824.6222.66
No. Analysts -----414027
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 166.5B 175.0B 184.0B
Avg 161.9B 168.3B 175.4B
Low 147.9B 155.5B 161.0B

Revenue Growth

Revenue Growth 20242025202620272028
High
9.0%
8.0%
9.3%
Avg
6.1%
3.9%
4.2%
Low
-3.1%
-4.0%
-4.3%

EPS Forecast

EPS 20242025202620272028
High 15.82 17.23 19.09
Avg 15.26 16.05 17.44
Low 14.24 14.27 15.24

EPS Growth

EPS Growth 20242025202620272028
High
4.7%
12.9%
19.0%
Avg
1.0%
5.1%
8.7%
Low
-5.7%
-6.5%
-5.0%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.