The Home Depot (HD) Stock Forecast for 2024–2028. Sell or Buy Prediction







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The Home Depot (HD) Stock Forecast for 2024–2028. Sell or Buy?

Updated: May 20, 2024 (06:54)

Sector: Consumer cyclical

The share price of The Home Depot, Inc. (HD) now

Latest session on the 17th of May for
The Home Depot, Inc. is positive
Trading Volume: 2739006
Open: 344.76 /  High: 344.93 /  Low: 340.59
What analysts predict: $380.52
52-week High/Low: $396.87 / $270.81

50/200 Day Moving Average: $354.7 / $335.33

This figure corresponds to the Average Price over the previous 50/200 days. For The Home Depot stocks, the 50-day moving average is the resistance level today.

For The Home Depot stocks, the 200-day moving average is the support level today.

Are you interested in The Home Depot, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the The Home Depot stock price in 2024, 2025, 2026, 2027, 2028. How much will one The Home Depot share be worth in 2024 - 2028?

When should I take profit in The Home Depot stock? When should I record a loss on The Home Depot stock? What are analysts' forecasts for The Home Depot stock? What is the future of The Home Depot stock? We forecast The Home Depot stock performance using neural networks based on historical data on The Home Depot stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The Home Depot stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for The Home Depot shares. This happens once a day.


Historical and forecast chart of The Home Depot stock

The chart below shows the historical price of The Home Depot stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the The Home Depot stock price can be found in the table below.

Long-term forecasts by years.

Unraveling The Future: Key Factors Driving HD Stock Forecasts

Trend: Neutral
May 16, 2024

When it comes to predicting the ever-evolving landscape of The Home Depot's (HD) stock rates, certain pivotal indicators stand out. Understanding the ebb and flow of HD stock forecasts requires delving into the intricate dance of market dynamics and consumer behavior. Analysts focusing on the HD stock buy or sell dilemma constantly grapple with these moving parts to sketch out the most plausible HD stock price prediction.

Decoding Market Variables Influencing HD Stocks

At the forefront, the sluggish residential real estate market casts a long shadow over HD's performance. Its ripple effects on homeowner spending for major upgrades are a crucial barometer for Home Depot's fiscal health, making it a significant factor in the HD stock forecast. Coupled with this, the delayed spring selling season throws a curveball at expected sales surges, directly impacting the HD stock price target. Nestled within these broader themes are the subtleties of revenue and earnings performance—indicators that can sway HD stock price predictions, especially in a landscape marked by missed Q1 expectations and wavering comparable store sales.

Yet, amidst these challenges, the analytical prism through which one views HD's valuation and growth trajectory can illuminate paths forward. Is HD a good stock to buy? The answer may lie in dissecting these layers, whereby the company's robust cash flow and profitability trends are weighed against its premium valuation and subdued growth outlook. Analysts leverage these insights to craft nuanced HD stock price predictions, taking into account the nuanced interplay between market conditions and HD's operational fortitude.

Ultimately, charting the course of HD stock prices hinges on how well these critical factors—the residential real estate market's pulse, seasonal sales fluctuations, and HD's financial health—are navigated and interpreted. So, whether you're pondering The Home Depot stock forecast from a buy or sell perspective, refining your approach with these considerations can offer a more rounded, insightful exploration into HD's future.

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Deciphering HD Stock's Future: Navigating Through Uncertainty

Trend: Neutral
Apr 30, 2024

When considering the future of The Home Depot's (HD) stock rates, it's crucial to delve into the factors poised to influence its trajectory significantly. Leading the charge in shaping its course are factors such as valuation risks, technical signals, and looming profit headwinds—each playing a pivotal role in predicting HD stock's movements.

Unpacking the Major Influencers on HD's Stock

At the forefront, valuation risk emerges as a significant influencer. HD's stock currently trades at a notably high valuation multiple, towering above both its sector median and historical averages. This premium valuation positions the stock on thin ice, making it vulnerable to even minor shifts in investor sentiment or market dynamics. For analysts looking to forecast HD stock prices accurately, identifying the threshold for this valuation risk becomes key. If the stock's price-to-earnings (P/E) ratio adjusts closer to the sector average, it could either represent a buying opportunity or a sell signal, depending on broader market contexts.

Simultaneously, the company grapples with profit headwinds, notably softened customer transactions and ballooning inventory levels. This combination threatens to dent sales figures and, by extension, HD's stock price prediction. Analysts must monitor these indicators as a gauge for HD's operational efficiency and demand forecasts. A worsening in these areas could spell trouble for HD's financial health and its stock's attractiveness.

Lastly, technical signals such as HD's current downtrend pattern, trading below the short-term moving average, and the break below a key support level serve as immediate red flags for investors. These signals suggest a bearish outlook in the near term, reinforcing the notion that HD's stock may not be a compelling buy at this juncture. Analysts employing technical analysis can use these patterns to set HD stock price targets and advise on whether HD stock is a buy or sell.

In wrapping up, the combined impact of valuation risk, profit headwinds, and technical signals undeniably shapes a challenging landscape for HD stock forecast. Analysts and investors alike must tread carefully, harnessing these insights to navigate the turbulent waters surrounding The Home Depot's stock future.

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Unlocking Home Depot Stock Potential: Insider Tips for Savvy Investors

Trend: Neutral
Apr 15, 2024

As market analysts fine-tune their HD stock forecast, the spotlight turns towards critical factors that are poised to shape the future of Home Depot's stock rates. It's a blend of internal achievements and market dynamics that brings us a step closer to answering the pivotal question: is HD a good stock to buy, hold, or sell?

Key Indicators for Predicting HD's Financial Voyage

In the intricate dance of stock price forecasts, certain performances stand out. For Home Depot, the rhythm is set by factors such as comparable store sales growth, profit margin changes, the number of shares outstanding, and store expansion. Each of these elements plays a fundamental role in the HD stock price prediction narrative.

Firstly, comparable store sales growth, a robust measure of retail health, takes center stage. It's a powerful indicator fresh off the press that tells us, in real-time, how well Home Depot is faring against its own past successes and current market expectations. Seeing this figure climb would undoubtedly signal to investors that the HD stock price target is on an upwards trajectory.

  • The art of profit margin mastery: Home Depot's knack for maintaining stout profit margins paints a picture of a company that knows its business inside out. It's a telling sign for analysts aiming for a bullseye in their HD stock forecast.
  • The strategic play of share buybacks reducing the number of shares outstanding, thus polishing the allure of HD as a worthy investment, cannot be overstated. For those pondering whether to buy or sell The Home Depot stock, this tactic provides insight into the company's confident stride towards value enhancement.
  • Last on the list but essential in building the foundation is the number of stores. While not the loudest trumpeter in the band, its impact reverberates through Home Depot's extensive network, supporting a solid base for growth.

Foretelling the direction of The Home Depot's stock price demands a comprehensive analysis of these pivotal factors. It's not about crystal ball gazing but about decoding the signs for the most accurate HD stock buy or sell decision. Armed with this information, analysts and investors alike can navigate the ebbs and flows of the market with greater confidence, potentially leading to rewarding outcomes in their investment adventures.

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About author

The Home Depot, Inc. – American retail network for those who are going to fix or build a house. Home Depot operates in both the professional and DIY (do-it-yourself) segments. In addition to tools, paints, materials and garden accessories, Home Depot offers its customers services for the installation and delivery of various products and structures. After the deepest housing crisis, the company focused on the development of its American division. In addition to the United States, Home Depot is represented in Canada, Mexico and China.

The Home Depot daily forecast for a month

Date Target Pes. Opt. Vol., %
May 22 344.00 341.39 345.89 1.32
May 23 342.45 340.95 344.41 1.01
May 24 344.03 341.38 346.16 1.40
May 25 345.20 343.02 346.16 0.92
May 26 343.64 341.62 345.71 1.20
May 27 343.40 342.03 345.50 1.01
May 28 343.51 341.55 346.22 1.37
May 29 342.00 341.31 344.18 0.84
May 30 343.12 340.48 344.36 1.14
May 31 343.74 341.61 346.18 1.34
Jun 01 344.26 341.57 346.36 1.40
Jun 02 345.12 343.43 346.95 1.02
Jun 03 346.36 344.52 348.16 1.06
Jun 04 349.48 347.52 350.56 0.88
Jun 05 349.79 347.38 352.56 1.49
Jun 06 351.75 349.75 352.91 0.90
Jun 07 350.84 348.45 351.54 0.89
Jun 08 350.63 348.84 352.59 1.08
Jun 09 351.57 350.80 353.30 0.71
Jun 10 351.54 349.71 353.33 1.04
Jun 11 352.59 349.81 354.39 1.31
Jun 12 352.38 349.74 354.25 1.29
Jun 13 354.57 353.32 356.91 1.01
Jun 14 356.55 353.91 359.19 1.49
Jun 15 358.51 356.93 359.77 0.79
Jun 16 360.30 358.90 361.75 0.79
Jun 17 356.99 355.53 359.70 1.17
Jun 18 357.31 356.38 359.67 0.92
Jun 19 355.06 353.21 356.87 1.04
Jun 20 352.18 349.97 352.92 0.85

The Home Depot Daily Price Targets


The Home Depot Stock Forecast 05-22-2024.

Forecast target price for 05-22-2024: $344.00.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 1.303%.
Pessimistic target level: 341.39
Optimistic target level: 345.89

The Home Depot Stock Forecast 05-23-2024.

Forecast target price for 05-23-2024: $342.45.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 1.004%.
Pessimistic target level: 340.95
Optimistic target level: 344.41

The Home Depot Stock Forecast 05-24-2024.

Forecast target price for 05-24-2024: $344.03.
Positive dynamics for The Home Depot shares will prevail with possible volatility of 1.381%.
Pessimistic target level: 341.38
Optimistic target level: 346.16

The Home Depot Stock Forecast 05-25-2024.

Forecast target price for 05-25-2024: $345.20.
Positive dynamics for The Home Depot shares will prevail with possible volatility of 0.907%.
Pessimistic target level: 343.02
Optimistic target level: 346.16

The Home Depot Stock Forecast 05-26-2024.

Forecast target price for 05-26-2024: $343.64.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 1.183%.
Pessimistic target level: 341.62
Optimistic target level: 345.71

The Home Depot Stock Forecast 05-27-2024.

Forecast target price for 05-27-2024: $343.40.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 1.004%.
Pessimistic target level: 342.03
Optimistic target level: 345.50

HD (HD) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jun. 360.39 356.60 372.46 4.26
Jul. 356.42 345.20 363.55 5.05
Aug. 350.36 346.51 360.00 3.75
Sep. 351.24 343.86 355.63 3.31
Oct. 359.49 346.73 371.36 6.63
Nov. 373.52 368.85 388.46 5.05
Dec. 385.84 373.11 394.72 5.47

The Home Depot forecast for this year


The Home Depot Stock Prediction for Jun 2024

An uptrend is forecast for this month with an optimal target price of $360.388. Pessimistic: $356.60. Optimistic: $372.46


The Home Depot Stock Prediction for Jul 2024

An downtrend is forecast for this month with an optimal target price of $356.424. Pessimistic: $345.20. Optimistic: $363.55


The Home Depot Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $350.364. Pessimistic: $346.51. Optimistic: $360.00


The Home Depot Stock Prediction for Sep 2024

An uptrend is forecast for this month with an optimal target price of $351.24. Pessimistic: $343.86. Optimistic: $355.63


The Home Depot Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $359.494. Pessimistic: $346.73. Optimistic: $371.36


The Home Depot Stock Prediction for Nov 2024

An uptrend is forecast for this month with an optimal target price of $373.515. Pessimistic: $368.85. Optimistic: $388.46


The Home Depot Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $385.841. Pessimistic: $373.11. Optimistic: $394.72



The Home Depot (HD) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 391.82 385.55 403.58 4.47
Feb 393.58 378.24 401.06 5.69
Mar 396.14 381.29 411.59 7.36
Apr 386.44 377.16 391.65 3.70
May 388.18 377.50 397.49 5.03
Jun 405.84 394.48 421.26 6.36
Jul 410.10 393.70 416.05 5.37
Aug 421.17 405.80 434.02 6.50
Sep 442.23 436.26 449.53 2.95
Oct 435.82 423.18 449.98 5.96
Nov 446.71 435.77 458.78 5.01
Dec 446.49 435.78 451.63 3.51

The Home Depot (HD) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 429.30 422.22 438.75 3.77
Feb 426.51 415.63 435.04 4.46
Mar 431.20 423.87 443.06 4.33
Apr 429.69 418.52 434.85 3.75
May 425.83 411.56 434.34 5.25
Jun 443.92 439.48 454.58 3.32
Jul 440.15 423.86 452.03 6.23
Aug 443.45 431.92 449.44 3.90
Sep 449.88 435.49 463.60 6.06
Oct 446.51 431.77 457.00 5.52
Nov 454.32 438.65 462.04 5.06
Dec 442.28 434.76 451.13 3.63

The Home Depot (HD) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 441.62 429.25 448.68 4.33
Feb 459.28 444.59 471.68 5.74
Mar 462.50 453.25 475.68 4.72
Apr 458.57 443.66 476.22 6.84
May 477.60 458.73 488.58 6.11
Jun 490.73 478.95 504.47 5.06
Jul 511.34 496.77 521.57 4.75
Aug 528.98 514.96 542.21 5.02
Sep 541.68 525.70 555.22 5.32
Oct 546.55 535.08 561.58 4.72
Nov 556.12 539.71 578.36 6.68
Dec 558.90 543.53 572.59 5.08

The Home Depot (HD) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 559.18 537.37 572.88 6.20
Feb 577.63 566.08 590.92 4.20
Mar 597.56 579.93 603.83 3.96
Apr 601.74 593.62 624.91 5.01
May 593.62 587.68 604.60 2.80
Jun 592.13 581.77 605.16 3.86
Jul 617.89 610.17 642.61 5.05
Aug 607.08 591.90 628.33 5.80
Sep 581.28 560.06 593.49 5.63
Oct 594.36 574.45 612.49 6.21
Nov 603.87 591.19 612.32 3.45
Dec 608.70 590.74 617.52 4.34

The Home Depot information and performance

The Home Depot Address

2455 PACES FERRY ROAD, ATLANTA, GA, US

Market Capitalization: 341 122 777 000 $

Market capitalization of the The Home Depot, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of HD shares in the company outstanding by the market price of one share.

EBITDA: 24 508 000 000 $

EBITDA of The Home Depot is earnings before interest, income tax and depreciation of assets.

PE Ratio: 23.1

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.864

Price/earnings to growth

DPS: 6.43

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0261

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 14.9

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.05
Quarterly Revenue Growth YOY: -0.023
Trailing PE: 23.1

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 21.93

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.496

Enterprise Value (EV) /Revenue

EV To EBITDA: 15.17

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 991031000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

The Home Depot (HD) stock dividend

The Home Depot last paid dividends on 05/30/2024. The next scheduled payment will be on 03/21/2024. The amount of dividends is $6.43 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.