Home Depot (HD) Stock Forecast & Price Target

$376.84 -2.54 (-0.67%)

As of 03:59 PM Eastern

Home Depot - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Moderate Buy

Based on 28 Analyst Ratings

Sell
0

Hold
8

Buy
20

Based on 28 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 28 analysts, 8 have given a hold rating, 19 have given a buy rating, and 1 has given a strong buy rating for HD.

Consensus Price Target

$424.60
12.67% Upside

According to the 28 analysts' twelve-month price targets for Home Depot, the average price target is $424.60. The highest price target for HD is $460.00, while the lowest price target for HD is $360.00. The average price target represents a forecasted upside of 12.67% from the current price of $376.84.

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HD Analyst Ratings Over Time

Type	Current Forecast 5/20/24 to 5/20/25	1 Month Ago 4/20/24 to 4/20/25	3 Months Ago 2/20/24 to 2/19/25	1 Year Ago 5/21/23 to 5/20/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 Buy rating(s)	20 Buy rating(s)	21 Buy rating(s)	19 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$424.60	$434.08	$433.44	$377.46
Forecasted Upside	12.67% Upside	22.33% Upside	9.80% Upside	11.70% 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	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.75	2.55	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.36% Upside	57.63% Upside	12.74% Upside
News Sentiment Rating	Positive News See Recent HD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/20/2025	Gordon Haskett 3 of 5 stars	C. Grom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$350.00 ➝ $360.00	-4.47%
5/20/2025	Jefferies Financial Group 2 of 5 stars		Lower Target		$461.00 ➝ $456.00	+21.01%
5/20/2025	Truist Financial 2 of 5 stars		Boost Target	Buy	$393.00 ➝ $417.00	+10.66%
5/20/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$410.00 ➝ $415.00	+10.13%
5/20/2025	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$470.00 ➝ $450.00	+19.41%
5/20/2025	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joseph Feldman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$455.00 ➝ $455.00	+20.04%
5/15/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	$424.00 ➝ $399.00	+5.88%
5/13/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	$421.00 ➝ $380.00	+0.84%
5/8/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Zachary Fadem Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$445.00 ➝ $420.00	+15.17%
5/6/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Christopher Horvers Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$470.00 ➝ $410.00	+13.79%
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3/24/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Peter Keith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$435.00 ➝ $418.00	+18.71%
3/3/2025	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Liang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
2/26/2025	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Bretthauer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Sell ➝ Hold
2/26/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Peter Benedict Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$440.00 ➝ $430.00	+9.72%
2/26/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Forbes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$450.00 ➝ $450.00	+13.26%
2/26/2025	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Seth Basham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$440.00 ➝ $440.00	+10.89%
2/26/2025	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$356.00 ➝ $410.00	+4.19%
11/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$420.00 ➝ $430.00	+4.75%
11/13/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$425.00 ➝ $450.00	+11.62%
11/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$435.00 ➝ $440.00	+9.14%
11/11/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$375.00 ➝ $400.00	-2.71%
11/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$372.00 ➝ $420.00	+6.18%
10/28/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$440.00 ➝ $460.00	+14.93%
10/9/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Champine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$360.00 ➝ $460.00	+11.05%
9/24/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$345.00 ➝ $400.00	+2.05%
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$420.00	+7.42%
8/15/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Tamada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/14/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$400.00 ➝ $425.00	+21.40%
5/15/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
5/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$415.00 ➝ $395.00	+15.86%
4/2/2024	Zelman & Associates Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
2/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$347.00 ➝ $393.00	+9.68%
7/26/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$400.00 ➝ $350.00	+6.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:30 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, May 19, 2025. 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:

The current stock price is around $380, reflecting a recent increase, which may indicate positive market sentiment towards the company.
Home Depot has shown strong financial performance, with a recent earnings report exceeding analyst expectations, indicating robust revenue growth and profitability.
The company has a solid dividend yield of approximately 2.42%, which can provide a steady income stream for investors.
Institutional investors hold a significant portion of the stock, suggesting confidence in Home Depot's long-term prospects.
Analysts have a consensus rating of "Moderate Buy," with many firms issuing buy ratings and target prices that suggest potential for price appreciation.

Home Depot
Bear Case

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

Recent downgrades from some analysts, including a reduction in target prices, may indicate concerns about future growth potential.
The company's high debt-to-equity ratio suggests that it relies heavily on borrowed funds, which could pose risks in a rising interest rate environment.
Market volatility and economic uncertainties could impact consumer spending on home improvement, affecting Home Depot's sales.
Competition in the home improvement sector is intensifying, which could pressure margins and market share.
While the stock has performed well recently, it has a relatively high price-to-earnings ratio, which may indicate that it is overvalued compared to its earnings potential.

HD Forecast - Frequently Asked Questions

: According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Home Depot is $424.60, with a high forecast of $460.00 and a low forecast of $360.00.
: 28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 8 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HD shares.
: According to analysts, Home Depot's stock has a predicted upside of 12.67% based on their 12-month stock forecasts.
: Over the previous 90 days, Home Depot's stock had 3 upgrades and 1 downgrade by analysts.
: Home Depot has been rated by research analysts at DA Davidson, Gordon Haskett, Guggenheim, Hsbc Global Res, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., KGI Securities, Morgan Stanley, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, Telsey Advisory Group, Truist Financial, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Home Depot more than other "retail/wholesale" companies. The consensus rating score for Home Depot is 2.75 while the average consensus rating score for "retail/wholesale" companies is 2.55. Learn more on how HD compares to other companies.

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This page (NYSE:HD) was last updated on 5/20/2025 by MarketBeat.com Staff

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Home Depot (HD) Stock Forecast & Price Target