Home Depot (HD) Stock Forecast & Price Target

Q: What analysts cover Home Depot?

Home Depot has been rated by research analysts at Argus , DA Davidson , Guggenheim , Jefferies Financial Group , KeyCorp , Melius Research , Mizuho , Royal Bank Of Canada , Sanford C. Bernstein , Stifel Nicolaus , TD Cowen , Truist Financial , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$294.10 +3.48 (+1.20%)

Closing price 03:59 PM Eastern

Extended Trading

$294.20 +0.11 (+0.04%)

As of 07:59 PM Eastern

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Home Depot - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 33 Analyst Ratings

Sell
1

Hold
13

Buy
19

Based on 33 Wall Street analysts who have issued ratings for Home Depot in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 33 analysts, 1 has given a sell rating, 13 have given a hold rating, 18 have given a buy rating, and 1 has given a strong buy rating for HD.

Consensus Price Target

$375.93
27.83% Upside

According to the 33 analysts' twelve-month price targets for Home Depot, the average price target is $375.93. The highest price target for HD is $425.00, while the lowest price target for HD is $310.00. The average price target represents a forecasted upside of 27.83% from the current price of $294.10.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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HD Analyst Ratings Over Time

Type	Current Forecast 10/13/25 to 10/13/26	1 Month Ago 9/13/25 to 9/13/26	3 Months Ago 7/15/25 to 7/15/26	1 Year Ago 10/13/24 to 10/13/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	18 Buy rating(s)	18 Buy rating(s)	18 Buy rating(s)	19 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	13 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$375.93	$375.18	$371.71	$435.42
Forecasted Upside	27.83% Upside	21.47% Upside	8.81% Upside	14.78% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

HD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Home Depot Stock vs. The Competition

Type	Home Depot	Consumer Discretionary Companies	Broader Market
Consensus Rating Score	2.58	2.20	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	27.83% Upside	248.33% Upside	19.09% Upside
News Sentiment Rating	Positive News See Recent HD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/6/2026	Melius Research 4 of 5 stars	Michael Rehaut Not Rated	Set Target		$397.00	+39.09%
10/2/2026	Weiss Ratings 3 of 5 stars		Reiterated Rating	Hold (C)
9/17/2026	UBS Group 4 of 5 stars	Michael Lasser 4 of 5 stars	Reiterated Rating	Buy
9/9/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Zhihan Ma Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Market Perform	$354.00 ➝ $344.00	+9.99%
8/19/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Scot Ciccarelli Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$369.00 ➝ $373.00	+7.53%
8/19/2026	Mizuho Subscribe to MarketBeat All Access to unlock brokerage rankings	David Bellinger Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$385.00 ➝ $390.00	+15.35%
8/19/2026	DA Davidson Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Baker Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$377.00	+10.15%
8/19/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	Christopher Graja Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$400.00	+14.91%
8/19/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings	Bradley B. Thomas Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Sector Weight
8/19/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Steven Shemesh Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Sector Perform	$343.00 ➝ $342.00	-1.99%
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8/19/2026	Guggenheim Subscribe to MarketBeat All Access to unlock brokerage rankings	Steven Forbes Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$425.00	+22.45%
8/18/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Jonathan Matuszewski Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$398.00	+17.72%
8/17/2026	Stifel Nicolaus Subscribe to MarketBeat All Access to unlock brokerage rankings	W. Andrew Carter Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Hold	$320.00 ➝ $340.00	+0.53%
8/11/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Zachary Fadem Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$360.00 ➝ $400.00	+14.21%
8/10/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Max Rakhlenko Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy
6/23/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Spencer Hanus Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Outperform ➝ Peer Perform
6/12/2026	Gordon Haskett Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target		$320.00 ➝ $330.00	+0.50%
5/20/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Keith Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$422.00 ➝ $421.00	+39.30%
5/20/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$409.00 ➝ $390.00	+29.47%
5/20/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Hold	$392.00 ➝ $310.00	+2.85%
5/20/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Overweight	$423.00 ➝ $396.00	+31.38%
5/20/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Outperform	$415.00 ➝ $400.00	+32.75%
5/20/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Simeon Gutman Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$420.00 ➝ $400.00	+32.75%
5/20/2026	Telsey Advisory Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Feldman Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$435.00 ➝ $410.00	+35.66%
5/20/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Benedict Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$430.00 ➝ $380.00	+25.73%
5/19/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings	Chris Bottiglieri Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$348.00 ➝ $325.00	+8.04%
5/18/2026	Oppenheimer Subscribe to MarketBeat All Access to unlock brokerage rankings	Timothy Horan Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Market Perform	$405.00 ➝ $310.00	+4.26%
5/12/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Steven Zaccone Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$450.00 ➝ $400.00	+28.47%
5/5/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Buy	$374.00	+19.66%
2/26/2026	Daiwa Securities Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Neutral	$360.00 ➝ $390.00	+2.74%
2/9/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
11/19/2025	KGI Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Outperform ➝ Hold	$320.00	-4.92%
11/18/2025	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings	Katharina Schmenger Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Sell
6/2/2025	TD Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy
2/26/2025	Wedbush Subscribe to MarketBeat All Access to unlock brokerage rankings	Seth Basham Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform	$440.00 ➝ $440.00	+10.89%
11/5/2024	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Overweight	$372.00 ➝ $420.00	+6.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:20 PM ET.

Should I Buy Home Depot Stock? HD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 12, 2026. Please send any questions or comments about these Home Depot pros and cons to contact@marketbeat.com.

Home Depot
Bull Case

Here are some ways that investors could benefit from investing in Home Depot:

Home Depot shares are currently trading at $290.73, which is near the 52-week low of $277.15, offering a potential entry point for value-oriented investors who believe the market has overreacted to recent housing concerns.
The company recently posted strong earnings in August 2026, beating consensus estimates with an actual EPS of $4.92 compared to the expected $4.73, demonstrating the business's ability to generate profit even in a challenging economic environment.
Analysts maintain a Moderate Buy consensus with a price target of $375.17, suggesting significant upside potential from the current price, as Wall Street remains confident in the company's long-term fundamentals despite short-term headwinds.
Home Depot is actively investing in AI, digital platforms, and Pro services, which are driving sales growth and faster deliveries, helping the company differentiate itself and capture market share from competitors through technological innovation.
The stock offers a dividend yield of 3.15%, providing a steady income stream for investors, which is particularly attractive in a volatile market where capital preservation and cash flow are prioritized.

Home Depot
Bear Case

Investors should be bearish about investing in Home Depot for these reasons:

The housing market remains frozen, which directly impacts Home Depot's core business of selling building materials and renovation products, creating a significant headwind for future revenue growth and consumer spending on home improvement projects.
Short interest has increased recently, with shares shorted rising to 11.5 million in September 2026 from 10.5 million in August, indicating that a growing number of traders are betting against the stock's performance due to concerns about its outlook.
Home Depot's valuation is considered expensive by some analysts, with a P/E ratio of 20.35, which may be difficult to justify given the weak stock momentum and the persistent challenges in the housing sector that could suppress earnings growth.
Recent insider selling activity, including sales by the CFO and other executives in late 2026, may signal a lack of confidence from company leadership in the current stock price or future performance, which can be a negative indicator for retail investors.
The company's revenue growth has slowed, with year-over-year revenue growth of 5.7% in the most recent quarter, which is lower than previous periods, suggesting that the business is facing increasing difficulty in expanding its top line in the current economic climate.

HD Forecast - Frequently Asked Questions

According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for Home Depot is $375.93, with a high forecast of $425.00 and a low forecast of $310.00.

33 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last twelve months. There is currently 1 sell rating, 13 hold ratings, 18 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HD shares.

According to analysts, Home Depot's stock has a predicted upside of 27.83% based on their 12-month stock forecasts.

Over the previous 90 days, Home Depot's stock had 1 upgrade by analysts.

Home Depot has been rated by research analysts at Argus, DA Davidson, Guggenheim, Jefferies Financial Group, KeyCorp, Melius Research, Mizuho, Royal Bank Of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Home Depot more than other "consumer discretionary" companies. The consensus rating for Home Depot is Moderate Buy while the average consensus rating for "consumer discretionary" companies is Hold. Learn more on how HD compares to other companies.

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MarketBeat monitors more than a dozen sources for Home Depot analyst ratings, with the most recent rating issued on 10/6/2026.

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Home Depot (HD) Stock Forecast & Price Target