The Home Depot, Inc. (HD)
NYSE: HD · IEX Real-Time Price · USD
334.97
-1.22 (-0.36%)
At close: Jul 2, 2024, 4:00 PM
334.23
-0.74 (-0.22%)
After-hours: Jul 2, 2024, 7:59 PM EDT
The Home Depot Stock Forecast
Stock Price Forecast
The 25 analysts with 12-month price forecasts for The Home Depot stock have an average target of 377.96, with a low estimate of 315 and a high estimate of 425. The average target predicts an increase of 12.83% from the current stock price of 334.97.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for The Home Depot stock from 27 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 7 | 8 | 10 | 11 |
| Buy | 9 | 8 | 9 | 9 | 8 | 8 |
| Hold | 10 | 8 | 8 | 8 | 9 | 7 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 23 | 25 | 26 | 28 | 27 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Hold → Strong Buy Upgrades $395 | Hold → Strong Buy | Upgrades | $395 | +17.92% | Jun 26, 2024 |
| HSBC | HSBC | Sell Maintains $323 → $318 | Sell | Maintains | $323 → $318 | -5.07% | May 15, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $440 → $420 | Strong Buy | Maintains | $440 → $420 | +25.38% | May 15, 2024 |
| Raymond James | Raymond James | Hold Maintains n/a | Hold | Maintains | n/a | n/a | May 15, 2024 |
| UBS | UBS | Strong Buy Maintains $411 → $400 | Strong Buy | Maintains | $411 → $400 | +19.41% | May 15, 2024 |
Financial Forecast
Revenue This Year
158.52B
from 152.67B
Increased by 3.83%
Revenue Next Year
162.76B
from 158.52B
Increased by 2.67%
EPS This Year
15.75
from 15.11
Increased by 4.24%
EPS Next Year
16.70
from 15.75
Increased by 6.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 162.9B | 173.0B | 177.1B | 182.7B | 191.6B |
| Avg | 158.5B | 162.8B | 169.3B | 176.7B | 184.0B |
| Low | 148.3B | 153.0B | 158.3B | 162.2B | 166.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.7% | 9.2% | 8.8% | 7.9% | 8.4% |
| Avg | 3.8% | 2.7% | 4.0% | 4.4% | 4.1% |
| Low | -2.9% | -3.5% | -2.7% | -4.2% | -6.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.33 | 17.76 | 19.09 | 20.77 | 23.08 |
| Avg | 15.75 | 16.70 | 18.08 | 20.11 | 21.93 |
| Low | 14.62 | 15.19 | 16.13 | 18.65 | 19.93 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.1% | 12.7% | 14.3% | 14.9% | 14.7% |
| Avg | 4.2% | 6.0% | 8.3% | 11.2% | 9.0% |
| Low | -3.2% | -3.6% | -3.4% | 3.1% | -0.9% |
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.