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.

$285.01 -1.68 (-0.59%)

As of 09:34 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 32 Analyst Ratings

Sell
1

Hold
13

Buy
18

Based on 32 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 32 analysts, 1 has given a sell rating, 13 have given a hold rating, and 18 have given a buy rating for HD.

Consensus Price Target

$375.93
31.90% Upside

According to the 32 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 31.90% from the current price of $285.01.

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 10/7/25 to 10/7/26	1 Month Ago 9/7/25 to 9/7/26	3 Months Ago 7/9/25 to 7/9/26	1 Year Ago 10/7/24 to 10/7/25
Strong Buy	0 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)	20 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	$375.54	$371.71	$436.40
Forecasted Upside	31.90% Upside	17.01% Upside	9.82% Upside	12.81% 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	2.53	2.19	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	31.12% Upside	243.97% Upside	19.85% Upside
News Sentiment Rating	Positive News See Recent HD News	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

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Rating

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 for the firm's recommendation accuracy rating	Zhihan Ma Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Market Perform	$354.00 ➝ $344.00	+9.99%
8/19/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Scot Ciccarelli Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$369.00 ➝ $373.00	+7.53%
8/19/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Bellinger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$385.00 ➝ $390.00	+15.35%
8/19/2026	DA Davidson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Baker Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$377.00	+10.15%
8/19/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christopher Graja Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$400.00	+14.91%
8/19/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bradley B. Thomas Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Sector Weight
8/19/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Shemesh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Perform	$343.00 ➝ $342.00	-1.99%
Get the Latest News and Ratings for HD and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Home Depot and its competitors with MarketBeat's FREE daily newsletter.
8/19/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Forbes Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$425.00	+22.45%
8/18/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jonathan Matuszewski Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$398.00	+17.72%
8/17/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	W. Andrew Carter Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$320.00 ➝ $340.00	+0.53%
8/11/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Zachary Fadem Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$360.00 ➝ $400.00	+14.21%
8/10/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Max Rakhlenko Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
6/23/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Spencer Hanus Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
6/12/2026	Gordon Haskett Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$320.00 ➝ $330.00	+0.50%
5/20/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Keith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$422.00 ➝ $421.00	+39.30%
5/20/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$409.00 ➝ $390.00	+29.47%
5/20/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Hold	$392.00 ➝ $310.00	+2.85%
5/20/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Overweight	$423.00 ➝ $396.00	+31.38%
5/20/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$415.00 ➝ $400.00	+32.75%
5/20/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Simeon Gutman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$420.00 ➝ $400.00	+32.75%
5/20/2026	Telsey Advisory Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Feldman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$435.00 ➝ $410.00	+35.66%
5/20/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Benedict Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$430.00 ➝ $380.00	+25.73%
5/19/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Bottiglieri Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$348.00 ➝ $325.00	+8.04%
5/18/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timothy Horan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Market Perform	$405.00 ➝ $310.00	+4.26%
5/12/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Zaccone Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$450.00 ➝ $400.00	+28.47%
5/5/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy	$374.00	+19.66%
2/26/2026	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$360.00 ➝ $390.00	+2.74%
2/9/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
11/19/2025	KGI Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Hold	$320.00	-4.92%
11/18/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Katharina Schmenger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Sell
6/2/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy
2/26/2025	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Seth Basham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$440.00 ➝ $440.00	+10.89%
11/5/2024	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Overweight	$372.00 ➝ $420.00	+6.18%
10/9/2024	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	L. Champine Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$360.00 ➝ $460.00	+11.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:34 AM 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 Tuesday, October 6, 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 recently demonstrated strong fundamental performance by beating analyst expectations in its most recent earnings report on August 18, 2026, delivering an actual EPS of $4.92 against a consensus estimate of $4.73 and generating revenue of $47.86 billion, which exceeded the consensus of $47.24 billion and represented a 5.7% year-over-year growth rate.
The stock is currently trading at $286.70, which is significantly below the consensus price target of $375.18 held by analysts who maintain a Moderate Buy rating, suggesting substantial potential upside for investors entering the position now.
Home Depot offers a compelling dividend yield of 3.30%, providing a steady income stream for investors, which is particularly attractive given that the company has returned $65.6 billion to shareholders over the last five years through dividends and repurchases.
The company is executing a strategic shift toward professional customers, including a nationwide Express Delivery rollout scheduled for August 2026, which aims to support contractors and diversify revenue sources beyond traditional residential homeowners.
Home Depot has shown resilience in a weak housing cycle by leveraging its repair-and-maintenance demand and digital growth, allowing it to maintain profitability and market share even as housing turnover and affordability remain challenging.

Home Depot
Bear Case

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

Home Depot has paused its share buyback program since March 2024, redirecting cash flow toward debt reduction and growth projects, which removes a key mechanism for supporting share price and returning capital to shareholders.
The stock has experienced significant volatility and a recent decline, falling 12.6% in the past month without specific negative company news, indicating heightened sensitivity to broader market conditions and potential risk if the market turns down.
Home Depot's sales growth has been below trend for several years, with the most recent quarter showing only 5.7% year-over-year revenue growth, which may be insufficient to offset rising costs or competitive pressures in the home improvement sector.
Jim Cramer has noted that there is little relief for Home Depot until interest rates fall, suggesting that high borrowing costs continue to weigh on consumer spending and home improvement activity, which could limit near-term growth prospects.
Insider selling activity has been notable, with multiple executives including the CFO and EVPs selling shares in recent months, such as Richard V Mcphail selling 5,989 shares on August 19, 2026, which may signal a lack of confidence in the stock's near-term performance.

HD Forecast - Frequently Asked Questions

According to the research reports of 32 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.

32 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There is currently 1 sell rating, 13 hold ratings and 18 buy ratings 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 31.90% based on their 12-month stock forecasts.

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