
Home Depot (HD) Stock Forecast & Price Target
Home Depot (HD) Analyst Ratings
Bulls say
Home Depot, the leading home improvement retailer, has reported notable financial metrics indicative of robust future growth, including a total addressable market (TAM) expansion to $1.1 trillion, with Home Depot capturing a 15% share. With operating profit growth projected to outpace sales growth, the company anticipates earnings per share (EPS) growth in the mid-single to high-single digits (MSD-HSD), supported by a consistently increasing contractor spend due to recent acquisitions. Additionally, in a market recovery scenario, Home Depot forecasts total sales growth of 5%-6% alongside comparable sales growth of 4%-5%, further bolstered by the strategic addition of 15-20 new stores annually.
Bears say
Home Depot's outlook appears negative due to several concerning financial metrics: the company is projecting a decline in adjusted EPS of approximately 5% to $14.48 for 2025, accompanied by a reduced EPS estimate of $15.00 for 2026, which is lower than prior expectations. Additionally, the company faces headwinds from decreased housing turnover rates, currently at around 2.9%—well below the long-term average of 4.1%—which could adversely affect demand for home improvement products. Furthermore, margin pressures from recent expansions and investments, coupled with declining unit volumes due to potential price increases, suggest continued challenges in maintaining profitability in the upcoming years.
This aggregate rating is based on analysts' research of Home Depot and is not a guaranteed prediction by Public.com or investment advice.
Home Depot (HD) Analyst Forecast & Price Prediction
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