11.9% Below Target

The Home Depot, Inc. (HD) has a consensus 12-month price target of $373.92, implying 11.9% upside from $334.28. The 62 analysts covering HD see moderate appreciation potential.

HD has a consensus rating of "Buy" based on 62 Wall Street analysts. The rating breakdown is predominantly bullish, with 38 Buy/Strong Buy ratings. The consensus 12-month price target of $373.92 implies 11.9% upside from current levels.

HD trades at a forward P/E of 22.3579x, representing a moderate valuation. With analysts targeting $373.92 (11.9% implied move), the stock appears reasonably valued with upside.

The most bullish Wall Street analyst has a price target of $435 for HD, while the most conservative target is $320. The consensus of $373.92 represents the median expectation. Our quantitative valuation model projects a bull case target of $498 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

HD is heavily covered by Wall Street, with 62 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 37 have Buy ratings, 20 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month HD stock forecast based on 62 Wall Street analysts shows a consensus price target of $373.92, with estimates ranging from $320 (bear case) to $435 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $378, with bear/bull scenarios of $238/$498.

Our quantitative valuation model calculates HD's fair value at $378 (base case), with a bear case of $238 and bull case of $498. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 70/100.

HD trades at a forward P/E ratio of 22.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 23.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are optimistic on HD, with a "Buy" consensus rating and $373.92 price target (11.9% upside). 38 of 62 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

HD analyst price targets range from $320 to $435, a 31% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $373.92 consensus represents the middle ground. Our model's $238-$498 range provides an independent fundamental perspective.