The Home Depot, Inc. (HD)
NYSE: HD · IEX Real-Time Price · USD
334.41
+2.43 (0.73%)
Apr 26, 2024, 2:27 PM EDT - Market open
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 376.6, with a low estimate of 310 and a high estimate of 440. The average target predicts an increase of 12.62% from the current stock price of 334.41.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for The Home Depot stock from 26 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 7 | 8 |
| Buy | 7 | 7 | 9 | 8 | 9 | 9 |
| Hold | 13 | 11 | 10 | 8 | 8 | 8 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 24 | 25 | 23 | 25 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $417 | Strong Buy | Maintains | $417 | +24.70% | Apr 17, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $420 → $415 | Buy | Maintains | $420 → $415 | +24.10% | Apr 16, 2024 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $390 | Strong Buy | Reiterates | $390 | +16.62% | Apr 5, 2024 |
| HSBC | HSBC | Sell Reiterates $323 | Sell | Reiterates | $323 | -3.41% | Apr 3, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $420 → $425 | Buy | Maintains | $420 → $425 | +27.09% | Apr 2, 2024 |
Financial Forecast
Revenue This Year
159.03B
from 152.67B
Increased by 4.17%
Revenue Next Year
163.47B
from 159.03B
Increased by 2.79%
EPS This Year
15.82
from 15.11
Increased by 4.69%
EPS Next Year
16.97
from 15.82
Increased by 7.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 166.1B | 176.3B | 180.7B | 185.6B | 193.0B |
| Avg | 159.0B | 163.5B | 170.1B | 177.6B | 181.8B |
| Low | 147.4B | 149.7B | 154.8B | 161.9B | 165.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.8% | 10.9% | 10.5% | 9.2% | 8.7% |
| Avg | 4.2% | 2.8% | 4.0% | 4.5% | 2.3% |
| Low | -3.5% | -5.9% | -5.3% | -4.8% | -6.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.99 | 18.52 | 21.50 | 21.75 | 23.10 |
| Avg | 15.82 | 16.97 | 18.46 | 20.70 | 21.82 |
| Low | 14.41 | 14.88 | 15.73 | 18.63 | 19.96 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.5% | 17.0% | 26.7% | 17.8% | 11.6% |
| Avg | 4.7% | 7.3% | 8.8% | 12.1% | 5.4% |
| Low | -4.7% | -6.0% | -7.3% | 0.9% | -3.6% |
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.