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 , 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.

$278.64 -5.85 (-2.06%)

As of 11:38 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

$375.18
34.65% Upside

According to the 32 analysts' twelve-month price targets for Home Depot, the average price target is $375.18. 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 34.65% from the current price of $278.64.

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 10/1/25 to 10/1/26	1 Month Ago 9/1/25 to 9/1/26	3 Months Ago 7/3/25 to 7/3/26	1 Year Ago 10/1/24 to 10/1/25
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	$375.18	$375.54	$371.71	$436.40
Forecasted Upside	34.65% Upside	17.47% Upside	3.91% Upside	9.80% 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	31.66% Upside	233.06% Upside	20.87% 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

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/17/2026	UBS Group 4 of 5 stars	Michael Lasser 4 of 5 stars	Reiterated Rating	Buy
9/9/2026	Sanford C. Bernstein 3 of 5 stars	Zhihan Ma Not Rated	Lower Target	Market Perform	$354.00 ➝ $344.00	+9.99%
8/19/2026	Truist Financial 3 of 5 stars	Scot Ciccarelli 2 of 5 stars	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%
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%
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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
7/7/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold (C-) ➝ Hold (C)
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 Thursday at 11:38 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 Wednesday, September 30, 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 trading at $284.96, which is near the 52-week low of $284.01, offering a potential entry point for value investors given the company's strong fundamentals and the fact that the stock is currently trading at a price-to-earnings ratio of 19.94, which is below its historical average.
The company recently beat earnings expectations in August 2026, reporting actual EPS of $4.92 against a consensus estimate of $4.73, and revenue of $47.86 billion against a consensus of $47.24 billion, demonstrating resilience in sales despite a challenging macroeconomic environment.
Home Depot has a consistent dividend yield of 3.21%, providing a steady income stream for investors, and the company has a history of maintaining its dividend even during periods of economic uncertainty, which is attractive for income-focused portfolios.
Analysts maintain a "Moderate Buy" consensus rating with a price target of $375.54 as of September 2026, suggesting significant upside potential from the current price, and recent upgrades from firms like Gordon Haskett and Mizuho indicate confidence in the company's long-term growth trajectory.
The company is investing in digital capabilities and faster delivery services, which are driving online growth and improving customer engagement, helping Home Depot stay competitive in a retail landscape where convenience and speed are increasingly important to consumers.

Home Depot
Bear Case

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

Home Depot is heavily exposed to the housing market, and with mortgage rates near 7.5% and potential for them to rise to 9%, home sales and remodeling activity are expected to remain sluggish, which could negatively impact the company's revenue and earnings growth.
The stock has underperformed the broader market recently, closing at $284.49 on September 30, 2026, a decline of 1.23% from the prior day, and is down significantly from its 52-week high of $405.13, reflecting investor concerns about the company's ability to grow in a low-turnover housing market.
Insider selling has been notable, with several executives, including CFO Richard V McPhail and EVP Teresa Wynn Roseborough, selling shares in the past few months, which some investors may interpret as a lack of confidence in the stock's near-term performance.
Consumer spending on home improvement projects is sensitive to economic conditions, and with higher borrowing costs and potential inflation, homeowners may be more reluctant to undertake large remodeling projects, which could lead to lower sales volumes for Home Depot.
The company faces intense competition from Lowe's and other home improvement retailers, and while Home Depot has a strong brand, the competitive landscape could pressure margins and market share, especially if rivals offer more aggressive pricing or better customer experiences.

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 $375.18, 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 34.65% 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, 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 9/17/2026.

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Home Depot (HD) Stock Forecast & Price Target