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
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 '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 11 | 11 | 10 | 10 | 12 |
| Buy | 8 | 8 | 8 | 8 | 8 | 8 |
| Hold | 9 | 7 | 8 | 8 | 7 | 7 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 28 | 27 | 28 | 27 | 26 | 28 |
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 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.0% | 8.0% | 9.3% | ||
| Avg | 6.1% | 3.9% | 4.2% | ||
| Low | -3.1% | -4.0% | -4.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.