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Wall Street consensus, price target range, and equity research thesis
Wall Street currently rates HD buy with a 12-month price target of $374 (+10.7% upside). The sections below cover the bull case, key risks, and latest earnings context for The Home Depot, Inc..
Recent Analyst Actions
14 of 17 analysts cut targets. Recent price target changes and ratings for HD.
| Firm | Action | Rating | Price Target |
|---|---|---|---|
| Piper Sandler | Cut | Overweight | $421$378 |
| Truist Securities | Cut | Buy | $394$369 |
| UBS | Cut | Buy | $450$430 |
| TD Cowen | Cut | Buy | $450$375 |
| RBC Capital | Cut | Sector Perform | $377$340 |
| DA Davidson | Cut | Buy | $445$377 |
| DA Davidson | Maintained | Buy | $445$445 |
| Guggenheim | Maintained | Buy | $425$425 |
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Analyst Research Summary
A structured look at the bull case, the risks, and the most recent earnings execution for HD.
HD beat estimates last quarter. Below are the key reasons analysts remain constructive and the risks that could change that view.
What keeps the long thesis intact
Wall Street rates HD buy, giving the bull case institutional backing from 62 analysts.
What can break the setup quickly
Watch whether new negative commentary on HD points to these structural risks or is simply reacting to short-term price moves.
Last Quarter
Stock snapshot, live price chart, key ratios, and company profile.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HD stock.
HD has modest upside — analysts rate it "Buy" with a $374 target, implying +10.7% from today's $337.88. This is informational only — verify the data and consider your own risk tolerance before deciding.
Timing depends on your horizon, but the data signals are: consensus rating "Buy" with +10.7% upside to the $374 target. In the past 30 days, 14 of 17 covering analysts cut their price targets — a bearish signal.
HD's consensus 12-month price target is $374, set by 62 Wall Street analysts. The bull case high is $435 and the bear case low is $320. From the current price of $337.88, this implies +10.7% upside.
HD appears fairly valued — the $374 consensus target is roughly in line with today's $337.88 (+10.7%). It trades at a forward P/E of 22.6x. Targets range from $320 (bear) to $435 (bull), reflecting different assumptions about growth and margins.
HD reports next quarter. Earnings-week moves are volatile — historically, analyst targets revise upward after a beat and downward after a miss. The current consensus is "Buy" with a $374 target. Consider position sizing rather than going all-in pre-print.
Of 62 analysts covering The Home Depot, Inc. (HD): 1 Strong Buy, 36 Buy, 21 Hold, 4 Sell, 0 Strong Sell — a "Buy" consensus. The 12-month price target is $374 (range $320–$435). Bullish analysts outnumber bearish by more than 2-to-1.
4 of the 62 analysts covering HD rate it Sell or Strong Sell. Common concerns include valuation stretch, slowing growth, and sector-specific headwinds — see the Bull vs. Risk cards above for the specific theses on The Home Depot, Inc..
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