The Home Depot Stock Buy or Sell? HD Stocks Forecast

Market Capitalization: 373 397 422 000 $
EBITDA: 24 935 999 000 $
Price to Earnings: 24.81
Quarterly Earnings Growth YOY: -0.146
Quarterly Revenue Growth YOY: -0.029
Trailing PE: 24.81
Forward PE: 24.27
Shares Outstanding: 995262000






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The Home Depot Stock Buy or Sell? HD Stocks Analytic Forecasts

Updated on March 4, 2024 (10:10)

The Home Depot, Inc. (HD prediction charts) Sector: Consumer cyclical

We present you the most up-to-date and complete review of analytical trend forecasts and views on the HD stock market. Experts share their opinions on what to expect from the The Home Depot, Inc. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell The Home Depot stocks.

The Home Depot, Inc. Stock Market Experts’ Analysis and Forecasting – Sell or Buy HD Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Marcel Knoop and is titled

“Home Depot And Lowe’s: A Textbook Example Of Quality Vs. Value”

is published on January 29 (2024) and has 21 likes. The review predicts Bullish market trend.

It summarize the following theses:

  • Home Depot and Lowe’s look similar at first. The deeper we dig, the more hints we find that HD is of higher quality.
  • HD outperformed LOW every single year except 2020 regarding same-store traffic growth.
  • The balance sheets are better than many people think, although there are some concerns for LOW.
  • Both companies generate high returns on capital but only HD grows the capital base (Capital Employed).
  • My valuation analysis leaves me to assume that HD is a bit overvalued while LOW is undervalued at current prices.

The author starts his analytic review with the following:

Introduction Over the past two months, I wrote several articles covering what I would call “retail” or “brick and mortar” businesses, including Starbucks (SBUX), Dollarama Inc. (TSX:DOL:CA)(OTCPK:DLMAF), Costco Wholesale (COST) and Walmart (WMT).

The author declares an interesting position, and the number of his followers is 783 and it grows, but not that weighty compared to other authors.
Marcel Knoop has 34 works published.
The contributor of experts community since 2022


One more noteworthy article is written by PropNotes under the title

“Home Depot: Buy The Breakout (Technical Analysis)”

on January 24 (2024) and has 1 likes. The expert reflects Strong Bullish trend of the market.

Нis theses make you think about whether to add HD stocks to your investment portfolio or not, and helps to work out your own The Home Depot stock selling strategies:

  • Home Depot has maintained stable revenues and grown cash flows despite market fluctuations and atypical inflation.
  • The company’s strong financial results are accompanied by a commitment to share buybacks.
  • The recent technical breakout and new multi-year highs lead us to believe that all-time highs are in play.
  • We anticipate $400 per share or more in coming quarters based on an improving technical picture and an attractive multiple.
  • We reiterate our “Strong Buy” rating.

PropNotes starts analysis with such words:

Almost two years ago, we published a bullish article on Home Depot (NYSE:HD) titled: “Home Depot: Use The Dip To Climb Aboard This Long-Term Wealth Compounder”, where we covered the company in depth.

PropNotes has already 2726 followers, which shows, he is the one who cares for his words.
The contributor of experts community since 2021. Has published at least 124 articles.


Another analysis presented by Oliver Rodzianko came out on January 23 (2024). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for HD stocks. It sounds like

“Home Depot Is A Great Portfolio Diversifier, Despite Low Alpha”

Article has got 1 likes at the moment and forecasting Bullish trend of the market.

Summarizing the information presented in the review concerning the The Home Depot, Inc., the expert says the following:

  • Home Depot reported a decrease in sales and net earnings for fiscal 2023.
  • Home Depot remains committed to investing in its stores and capturing more market share despite current challenges.
  • The company has significant risks, including a weak balance sheet and a relatively poor valuation.
  • Despite the risks, I think Home Depot is a great portfolio diversifier, and my rating for HD stock is a Buy.

And here, what comes first:

Home Depot (NYSE:HD) is a portfolio staple, and while it should not be considered to be a large contributor to alpha, it remains a key tool to diversify and mitigate risk. I am confident it is one of the best stocks to own for this reason and provides protection from potential volatility in the technology sector, where I invest most heavily.

The author declares an interesting position, and the number of his followers is 283 and it grows, but not that weighty compared to other authors.
Oliver Rodzianko has 28 analytic reviews published.
The contributor of experts community since 2023


The Share Price of The Home Depot, Inc. (HD) for now

What analysts predict: $374.2
52-week high/low: $379.84 / $271.54

50/200 Day Moving Average: $354.88 / $320.01

The average stock price over the previous 50/200 days. For The Home Depot stocks, the 50-day moving average is the resistance level for now. For HD stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for HD stock with charts and tables

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