From what 33 stock analysts predict, the share price for Home Depot Inc-The (HD) might increase by 5.09% in the next year. This is based on a 12-month average estimation for HD. Price targets go from $290 to $466. The majority of stock analysts believe HD is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
HD is a stock in Consumer Cyclical which has been forecasted to be worth $408.13 as an average. On the higher end, the forecast price is $466 USD by Michael Baker from DA Davidson and on the lower end HD is forecasted to be $290 by Seth Basham from Wedbush.
These are the latest 20 analyst ratings of HD.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Zachary Fadem Wells Fargo | Overweight | $430 | Maintains | Nov 6, 2024 |
Seth Sigman Barclays | Overweight | $420 | Maintains | Nov 5, 2024 |
Max Rakhlenko TD Cowen | Buy | $460 | Maintains | Oct 28, 2024 |
Michael Baker DA Davidson | Buy | $466 | Maintains | Oct 25, 2024 |
Dean Rosenblum Bernstein | Market Perform | $451 | Initiates | Oct 22, 2024 |
Simeon Gutman Morgan Stanley | Overweight | $450 | Maintains | Oct 21, 2024 |
Scot Ciccarelli Truist Securities | Buy | $455 | Maintains | Oct 14, 2024 |
Laura Champine Loop Capital | Buy | $460 | Upgrade | Oct 9, 2024 |
Steven Forbes Guggenheim | Buy | $450 | Maintains | Oct 4, 2024 |
Chuck Grom Gordon Haskett | Buy | $450 | Upgrade | Oct 2, 2024 |
Peter Keith Piper Sandler | Overweight | $455 | Maintains | Sep 30, 2024 |
Timothy Horan Oppenheimer | Perform | $400 | Maintains | Sep 24, 2024 |
Karen Short Melius Research | Buy | $420 | Initiates | Sep 23, 2024 |
Laura Champine Loop Capital | Hold | $360 | Maintains | Sep 17, 2024 |
Joseph Feldman Telsey Advisory Group | Market Perform | $360 | Maintains | Sep 12, 2024 |
Michael Baker DA Davidson | Buy | $430 | Maintains | Sep 3, 2024 |
Scot Ciccarelli Truist Securities | Buy | $395 | Maintains | Aug 14, 2024 |
Steven Shemesh RBC Capital | Sector Perform | $363 | Maintains | Aug 14, 2024 |
Michael Lasser UBS | Buy | $425 | Maintains | Aug 14, 2024 |
Greg Melich Evercore ISI Group | Outperform | $400 | Maintains | Aug 14, 2024 |
When did it IPO
1981
Staff Count
465,000
Country
United States
Sector/Industry
Consumer Cyclical/Home Improvement Retail
CEO
Mr. Edward P. Decker
Market Cap
$385.77B
In 2023, HD generated $157.40B in revenue, which was a increase of 4.13% from the previous year. This can be seen as a signal that HD's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Joe Kernen from CNBC provides updates on current financial news. For specific developments, investors should refer to detailed reports and analyses.
Why It Matters - Joe Kernen's reports can influence market sentiment, impacting stock prices and investment decisions due to his insights on economic trends and company performance.
Summary - Home Depot co-founder Bernie Marcus passed away at 95. His contributions to the home improvement industry are significant for investors to note.
Why It Matters - The death of Home Depot's co-founder could impact investor sentiment and stock performance, reflecting on the company's legacy and potential leadership changes.
Summary - Home Depot (NYSE: HD) has executed 13 stock splits since its IPO in 1981.
Why It Matters - Home Depot's frequent stock splits indicate a history of strong performance and growth, potentially attracting investors seeking long-term value and capital appreciation.
Summary - Home Depot has adequate free cash flow to sustain its dividend payments.
Why It Matters - Strong free cash flow indicates Home Depot's financial health, ensuring reliable dividend payments, which can attract income-focused investors and support stock stability.
Summary - Trump's potential victory may hinder the housing market's recovery efforts.
Why It Matters - Trump's victory may impact housing policies, affecting market confidence and investment opportunities, potentially stalling recovery in the housing sector.
Summary - November is expected to be volatile due to the U.S. election and other uncertainties, which may impact market movements significantly.
Why It Matters - Volatility in November signals potential market fluctuations, influenced by the U.S. election outcomes and other uncertainties, impacting investment strategies and risk assessments.