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Home Depot (HD) Stock Forecast & Price Target

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$365.20 -2.13 (-0.58%)
Closing price 06/9/2025 03:59 PM Eastern
Extended Trading
$366.14 +0.94 (+0.26%)
As of 07:46 AM Eastern
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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

Sell
0
Hold
7
Buy
22

Based on 29 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 29 analysts, 7 have given a hold rating, 21 have given a buy rating, and 1 has given a strong buy rating for HD.

Consensus Price Target

$426.77
16.86% Upside
According to the 29 analysts' twelve-month price targets for Home Depot, the average price target is $426.77. The highest price target for HD is $470.00, while the lowest price target for HD is $360.00. The average price target represents a forecasted upside of 16.86% from the current price of $365.20.
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HD Analyst Ratings Over Time

TypeCurrent Forecast
6/10/24 to 6/10/25
1 Month Ago
5/11/24 to 5/11/25
3 Months Ago
3/12/24 to 3/12/25
1 Year Ago
6/11/23 to 6/10/24
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
21 Buy rating(s)
19 Buy rating(s)
22 Buy rating(s)
19 Buy rating(s)
Hold
7 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$426.77$430.32$436.50$377.46
Forecasted Upside16.86% Upside18.69% Upside19.65% Upside13.44% 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.
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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.
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Home Depot Stock vs. The Competition

TypeHome DepotRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.79
2.54
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside16.86% Upside48.80% Upside13.25% Upside
News Sentiment Rating
Positive News

See Recent HD News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/2/2025TD Securities
4 of 5 stars
 DowngradeBuy
6/2/2025Telsey Advisory Group
3 of 5 stars
 Reiterated RatingOutperform ➝ Outperform
5/22/2025Evercore ISI
2 of 5 stars
Greg Melich
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Set TargetOutperform ➝ Outperform$400.00+9.30%
5/21/2025JPMorgan Chase & Co.
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Christopher Horvers
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Boost TargetOverweight ➝ Overweight$410.00 ➝ $418.00+13.21%
5/21/2025Mizuho
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David Bellinger
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Lower TargetOutperform ➝ Outperform$450.00 ➝ $435.00+16.21%
5/21/2025Robert W. Baird
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Peter Benedict
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Lower TargetOutperform ➝ Outperform$430.00 ➝ $425.00+13.48%
5/21/2025Stifel Nicolaus
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W. Andrew Carter
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UpgradeHold ➝ Buy$405.00 ➝ $425.00+13.30%
5/21/2025Guggenheim
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Steven Forbes
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Reiterated RatingBuy ➝ Buy$450.00 ➝ $450.00+19.41%
5/21/2025Sanford C. Bernstein
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Zhihan Ma
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Reiterated RatingMarket Perform ➝ Market Perform$380.00 ➝ $398.00+5.62%
5/20/2025Gordon Haskett
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C. Grom
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Boost Target$350.00 ➝ $360.00-4.47%
5/20/2025Jefferies Financial Group
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 Lower Target$461.00 ➝ $456.00+21.01%
5/20/2025Truist Financial
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Scot Ciccarelli
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Boost TargetBuy ➝ Buy$393.00 ➝ $417.00+10.66%
5/20/2025Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$410.00 ➝ $415.00+10.13%
5/20/2025DA Davidson
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 Lower Target$470.00 ➝ $450.00+19.41%
5/15/2025Royal Bank of Canada
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 Lower TargetSector Perform$424.00 ➝ $399.00+5.88%
5/8/2025Wells Fargo & Company
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Zachary Fadem
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Lower TargetOverweight ➝ Overweight$445.00 ➝ $420.00+15.17%
3/24/2025Piper Sandler
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Peter Keith
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Lower TargetOverweight ➝ Overweight$435.00 ➝ $418.00+18.71%
3/3/2025KGI Securities
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J. Liang
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UpgradeStrong-Buy
2/26/2025Hsbc Global Res
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D. Bretthauer
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UpgradeModerate Sell ➝ Hold
2/26/2025Wedbush
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Seth Basham
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Reiterated RatingOutperform ➝ Outperform$440.00 ➝ $440.00+10.89%
2/26/2025HSBC
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 UpgradeReduce ➝ Hold$356.00 ➝ $410.00+4.19%
11/13/2024Bank of America
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 Boost TargetBuy ➝ Buy$425.00 ➝ $450.00+11.62%
11/5/2024Barclays
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 Boost TargetOverweight ➝ Overweight$372.00 ➝ $420.00+6.18%
10/28/2024TD Cowen
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 Boost TargetBuy ➝ Buy$440.00 ➝ $460.00+14.93%
10/9/2024Loop Capital
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L. Champine
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UpgradeHold ➝ Buy$360.00 ➝ $460.00+11.05%
9/24/2024Oppenheimer
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 Boost TargetMarket Perform ➝ Market Perform$345.00 ➝ $400.00+2.05%
9/23/2024Melius Research
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K. Short
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Initiated CoverageBuy$420.00+7.42%
8/15/2024Daiwa America
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K. Tamada
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UpgradeHold
8/14/2024UBS Group
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 Boost TargetBuy ➝ Buy$400.00 ➝ $425.00+21.40%
5/15/2024Raymond James
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 Reiterated RatingMarket Perform ➝ Market Perform
5/7/2024Citigroup
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 Lower TargetBuy ➝ Buy$415.00 ➝ $395.00+15.86%
4/2/2024Zelman & Associates
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 UpgradeNeutral ➝ Outperform
2/13/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$347.00 ➝ $393.00+9.68%
7/26/2023Argus
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 Lower TargetBuy$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 07:33 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 Sunday, June 8, 2025. Please send any questions or comments about these Home Depot pros and cons to contact@marketbeat.com.

Home Depot
Bull Case

green Wall Street bull icon

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

  • The current stock price is around $367, which may present a buying opportunity for investors looking for value.
  • Home Depot reported strong revenue of nearly $40 billion in its latest quarter, exceeding analyst expectations, indicating robust demand for its products.
  • Analysts have a generally positive outlook on Home Depot, with a significant number issuing buy ratings, suggesting confidence in the company's future performance.
  • The company has a high return on equity, showcasing its ability to generate profits from shareholders' investments effectively.
  • Home Depot's market capitalization is substantial, reflecting its strong position in the home improvement sector and potential for stability in investment.

Home Depot
Bear Case

red Wall Street bear icon

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

  • Recent insider selling, including a significant transaction by an executive vice president, may raise concerns about the company's future prospects.
  • Home Depot's stock has experienced a slight decline, indicating potential volatility and uncertainty in the market.
  • Some analysts have downgraded their price targets, suggesting that expectations for future growth may be tempered.
  • The company's high debt-to-equity ratio indicates a reliance on borrowed funds, which could pose risks if market conditions change.
  • Despite strong revenue, the earnings per share slightly missed consensus estimates, which may signal challenges in maintaining profitability.

HD Forecast - Frequently Asked Questions

According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for Home Depot is $426.77, with a high forecast of $470.00 and a low forecast of $360.00.

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Home Depot in the last year. There are currently 7 hold ratings, 21 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 16.86% based on their 12-month stock forecasts.

Over the previous 90 days, Home Depot's stock had 2 downgrades and 1 upgrade by analysts.

Analysts like Home Depot more than other "retail/wholesale" companies. The consensus rating score for Home Depot is 2.79 while the average consensus rating score for "retail/wholesale" companies is 2.54. Learn more on how HD compares to other companies.


This page (NYSE:HD) was last updated on 6/10/2025 by MarketBeat.com Staff
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