
Home Depot (HD) Stock Forecast & Price Target
Home Depot (HD) Analyst Ratings
Bulls say
Home Depot is well positioned for long-term share gains because its 2,364 stores, $25B+ e-commerce platform, and 1 million online products are being reinforced by supply-chain and Pro-focused investments that deepen its reach in the large, fragmented home-improvement market. Despite housing headwinds, 2Q showed sequential comp improvement to +1.7% company-wide and +1.3% in the U.S., with ticket growth, stronger Canada and Mexico performance, and SRS taking share, while gross margin held up at 33.7%. The 2024 SRS tie-up and 2025 GMS purchase should expand professional demand across roofing, pools, landscaping, and building products, supporting organic growth and operating leverage as comparisons ease.
Bears say
Home Depot is facing a still-subdued core demand backdrop, with larger ticket project-related sales lagging because financing-sensitive purchases remain pressured by the current rate environment and housing affordability concerns. Although comp trends improved and the pro business is outperforming, 2025 cost pressure from fuel, energy, and product inputs, plus margin dilution from the $5.5B GMS acquisition and its 9.1% adjusted EBITDA margin, threaten profitability and make operating deleverage more likely if demand softens. Valuation also looks less compelling, with the stock trading around 22x forward estimates—roughly its long-term average—while incremental cost headwinds and only modest guidance support limit room for multiple expansion.
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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